The former boss of failed investment firm Keydata is suing the regulator for £371m, accusing it of a "politically motivated" abuse of power.
Stewart Ford (pictured), who founded and ran the company until the Financial Services Authority (FSA) appointed PwC to put it into administration in June 2009, last week sent the regulator a letter informing it of his intention to pursue legal action, according to the Sunday Times. The collapse of Keydata at the height of the financial crisis was Britain's biggest personal investment scandal for decades. > Read: The five year (and counting) Keydata saga continues < It left 30,000 UK investors facing the loss of up to £450m. Ford is being investigated by the Financial Conduct Authori...
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