Embattled fraud office reopens inquiry into hedge fund

by Staff Writer on July 10, 2012

Embattled fraud office reopens inquiry into hedge fundThe new director of the Serious Fraud Office (SFO) has performed an unprecedented U-turn by reopening a major fraud investigation dropped by his predecessor last year.

David Green quietly ordered his organisation to reopen its inquiry into the $600m (£387m) Weavering hedge fund, which collapsed in what was the biggest-ever fraud in the sector.

Read Full Article At TheIndependent.

One comment

It is about time, the investigative process is exhausted first before negotiations are finalized.

by R Pasionek on July 14, 2012 at 11:56 pm. Reply #

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