A client asked me for a loan for a biomass generator. Clever bit of kit, basically a power station in a shipping container. Farm waste goes in to it and it produces electricity which is flogged to the National Grid.
He purchased said bit of kit from importer B (who got a mate of mine at another bank for a loan on it).
And my client then sold it to farmer C (who asked a another bank for a loan on it).
The damn thing was financed thrice!!!
Good businesses this green game.
What's more, B and C were actually two companies with the same directors.
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