The Serious Fraud Office (SFO) has arrested six individuals and searched seven sites as part of an investigation into the “past management” of beguiled social housing trust Home REIT.
Yesterday (14 January), the SFO conducted arrests and searches at homes in Altrincham, Maidenhead, London, and at a commercial site in Manchester, with the help of the National Crime Agency. Of those arrested, five were men and one woman in their 40s, 50s and 70s. An additional search was also carried out in Venice, with help from Italy's Guardia di Finanza. This is part of a wider £300m bribery and fraud probe into the social housing investment trust's former management. Home REIT listed on the London Stock Exchange in 2020 raising more than £850m in its first year of trading. ...
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