Former Crown Currency directors released on bail

Believed to be Peter Benstead and Edward James, a Conservative councillor and former mayor of Glastonbury, they have been released on police bail until July 2011, the BBC reports. Cornwall-based Crown Currency, which allowed individuals and business customers to pre-order foreign exchange at a set price up to a year in advance, collapsed in October, owing customers more than £16m. Set up six years ago, it provided money in 80 different currencies, as well as travellers' cheques and money transfers. An ongoing police inquiry is focusing on the actions of the directors of Crown Curre...