A group of 700 investors who lost millions in Keydata backer SLS Capital are sending their IFAs to meet lawyers raising a case against the fund's supervisors.
The group lost a total of £80m in SLS Capital which is the subject of a Serious Fraud Office (SFO) investigation after £103m was misapproprated from 5,000 investors All of the investors, led by businessman Tony Lahert, have more than the £48,000 FSCS compensation limit tied up in SLS. Lahert himself has his £250,000 retirement pot in the failed firm. Enyo, the London law firm acting on behalf of the investors, will not seek compensation from advisers for unsuitable advice, according to a source close to the situation. Instead, it will look at negligence on the part of firms tasked ...
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