Companies have been selling plots of green belt land that are unlikely ever to be granted planning permission for development according to the Mail on Sunday.
The directors of one land investment group are facing a High Court action to force them to hand back more than £3m stripped from their companies before they were shut down.
Michael Morris and Stephen Meissner ran Land International and three connected firms which were closed down in 2008.
Mail on Sunday 21/03/11 page 83