Embattled fraud office reopens inquiry into hedge fund
by Staff Writer on July 10, 2012
The 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. #