Keydata investors set up action group after new blow

The creditors' committee will represent the "official voice" of some 36,000 investors potentially affected by the firm's demise and help guide administrator PricewaterhouseCoopers (PwC) through the recovery process. However, investors were told the chances of finding and returning their cash remain slim. Some 5,500 investors in Keydata Secure Income Bonds are awaiting news of their cash after PwC discovered that £103m that was supposed to be backing their investments had gone missing. The cash had been invested with Luxembourg-incorporated firm SLS Capital, however PwC discovered i...