SFO to probe Lifemark in 'change of direction' over Keydata

Today's announcement is to notify investors of a "change of direction" in the investigation, says the SFO. In July 2009 the SFO began investigating Keydata Investment Services Ltd after a referral by the FSA. The company had been placed into administration in June following the discovery products had been mis-sold by Keydata as qualifying for ISA status. More than £100m had been invested by Keydata investors, in Secure Income Bonds (SIBs) 1, 2 and 3. This money was invested in bonds issued by a Luxembourg company SLS Capital SA (SLS). Sums had also been invested in SLS bonds by non Ke...