LCF investigation by Serious Fraud Office sees two more questioned
Collapse of LCF has shaken confidence in investing
(Evening Standard / eyevine)The Serious Fraud Office has questioned two further people over the collapse of London Capital & Finance, the agency has announced.
The two unnamed individuals were not among the five already arrested.
In a statement, the organisation said: “On 5 March and 15 December 2020, two further individuals in the Kent area were interviewed for money laundering in connection with the LCF investigation.”
Four people were arrested in March 2019 in Kent and Sussex and another in June in Sussex in the probe.
LCF collapsed in 2019 after raising £236 million from more than 10,000 mostly elderly savers.
Today’s update was the first in months from the SFO in its closely watched investigation.
The SFO has asked investors to complete a questionnaire to be considered as witnesses in the case . They have until the end of this month to submit their forms.
“Please note as the SFO continues this lengthy investigation we are unable to provide any further comment at this time,” the SFO website said.
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