The Serious Fraud Office (SFO) has given up trying to prosecute anyone over the collapse of Keydata, as it has insufficient evidence to continue with the case, it has said.
It began investigating Keydata in July 2009, a month after the firm was put into administration, following a referral by the FSA. But almost two years later, in what has emerged to be one of the biggest financial services scandals in a decade, it has said it will no longer pursue the case. In a statement on its website it said: "In the last quarter of 2010 we reviewed all of the information and intelligence we had on our Keydata case and cases related to it. "After extensive consideration we concluded that we had insufficient evidence to secure a prosecution in this case" The SF...
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