SJ Capital group

This is a discussion on SJ Capital group within the First Steps forums, part of the Reception category; Orandjboom Whilst your research is very comprehensive you have perhaps missed the simplest question. If this land has any potential ...

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Old Feb 5, 2012, 11:39am   #17
Joined Oct 2006
Re: SJ Capital group

Orandjboom

Whilst your research is very comprehensive you have perhaps missed the simplest question. If this land has any potential for planning permission why on earth wouldn't it be bought by a professional developer rather than being flogged by cold calling to people on the other side of the world?
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Old Feb 5, 2012, 11:51am   #18
 
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Re: SJ Capital group

pboyle, I'm afraid that is not a question for me to answer, and in truth I would prefer not to speculate as to the merits or the true intentions of the company at this juncture.

As I said at the start of my post I am only posing questions that I hope will garner answers in order that we can gain a true picture of the company and it's model.

They do appear to have paid quite a hefty price for the land judging by the entry on the deeds and I'm slightly bemused as to why they would pay such a price if there was no potential in the site.

Another point with regards to the deeds and clauses is that the previous owners appear to have a clause allowing them a 50% share in the uplift on the profits resulting from a planning permission gain. This is all quite confusing and even more so having looked on SJ Capitals web site and noticed the houghton regis site has been removed from their homepage.
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Old Feb 5, 2012, 12:23pm   #19
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Re: SJ Capital group

Don't think for a minute that you are going to make money with this type of thing. The guys involved with this were part of the UKLI scam, now they are just repeating it.
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Old Feb 5, 2012, 12:28pm   #20
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Re: SJ Capital group

I think this explains their business model

Warning to investors as land-banking scams top £200m - Telegraph
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Old Feb 5, 2012, 1:58pm   #21
 
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Re: SJ Capital group

pboyles, I don't recall saying I was hoping to make money from this sort of investment or indeed that my intentions are to discredit anyone or any company. As my first post and subsequent posts state, my intention is to try and garner some truth either behind the allegations being made here or to uphold the argument put forward in Waynesas previous post in defence of SJ Capital.

I don't know the intentions behind your posts, but am happy to make the assumption that they are honourable until proven otherwise.

I have no interest in the past activities of SJ Capital, or any of its directors or employees. Any links SJ Capital has to Bally Chohan at present ( if any) need to be confirmed by fact and not by speculation, hence why, although I appreciate all your posts present and previous, I rely on my own research and due diligence.

I have this morning spoken to the previous owners of the land at Houghton Regis (their names are on the deeds and a quick google search threw up a contact number), although they seemed a bit taken back by my call they where not entirely surprised by my call. I was given confirmation that no agreement has been made for the disposition of the land under Southern & Regionals ownership by Southern & Regional or any of it's agents or affiliated companies.

The owners stated that up until this week they had no knowledge of SJ Capital or that SJ Capital was indeed marketing/selling the land in the manner described in their sales material. They freely confirmed that they sold the land in 2008 on the understanding that the purchasers would pursue a planning permission and once this planning was gained then a developer would be sought to purchase the land and the uplift divided between both parties. They stated that they had been approached by Brian Smith in March last year with a view to selling their remaining interest in the site, however the deal was not finalised and was called off by the previous owners in early December of last year. The previous owners are seeking legal advice now as to their position with a view to starting litigation against Southern & Regional, although they wouldnt confirm at what stage this is at.

I thanked them for their time and made my apologies for disturbing them on a Sunday.


Make of it what you will. Personally, I hope that the company offers a response to the questions posed and can justify it's course actions of late. Until such time................ the jury is out!
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Old Feb 5, 2012, 2:23pm   #22
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Re: SJ Capital group

Brian Smith was one of the guys running the UKLI scam.

Paul Charney Brian Smith Bally Chohan UKLI
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Old Feb 5, 2012, 2:28pm   #23
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Re: SJ Capital group

Jury's out? Why? Is this jury retarded? Does this jury need to be robbed at knife-point before it recognizes the obvious?

Blatant scam.
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Old Feb 5, 2012, 3:54pm   #24
 
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Re: SJ Capital group

Perhaps if the jury is likened to the FSA then perhaps they do need to be robbed at knifepoint before taking action.

I prefer a more pragmatic approach to the issue here, and rather than make too many assumptions and allegations that may or may not be untrue, it might be in the best interest of all concerned to seek out and confirm the truth in FACT.

The link that pboyles posted in his previous post is an update dated 26.01.12, I had seen the article, but a disclaimer and clause on the website prevents distribution of the content of the site either in physical form or by way of electronic means. The website regulations only allow for one copy to be printed off for personal use, hence why I didnt post up the link. Now the link has been posted we can examine it's contents further.

The article is headed where are they now? and goes on to list the directors and people involve in UKli.


The author then goes on to list a variety of questions aimed at Paul Charney & Brian Smith and lists some answers Paul Charney has provided. I see no reason to expand further at the moment on this section of the article however the lack of response from Brian Smith to the article could be quite unnerving to some.

One or two of the questions posed by the author have indeed been answered today on this thread, in particular the ownership of the Houghton Regis site, but as is always in these sort of situations, the more questions answered the more questions are asked. ' They say ,once opened, the can may no longer be home to the worms'

I find no use for old recycled articles relating to UKLi or it's former operators, what is clear is that there are issues here but one liners proclaiming 'Blatant Scam' etc.etc. serve no purpose in finding out the real truth, and if the truth happens to put the scammers to bed ( or indeed their accusers) then so be it.

I have only troved across this new site (houghton regis)that SJ Capital have launched and being somewhat closer to home for me I have focused my attentions there. I will however, now my interest has been ignited, seek to apply my Sherlock tactics to the other sites within the SJ Capital portfolio to see if anything untoward transpires. I am hoping that Waynesa will provide a swift response though in order that I can return to my mere humble day job.
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