SFO officially launches investigation into Keydata
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Hannah Stodell
The Serious Fraud Office has confirmed that it has officially launched an investigation into Keydata Investment Services.
In June the SFO was called in to examine a suspected fraud after more than £100m appeared to have vanished from Keydata products invested in Luxembourg based vehicle SLS Capital.
The SFO has confirmed that this inquiry has gone from a ‘consideration issue’ to a fully launched investigation.
Initially the SFO was making an assessment on the information it had received and whether it should merit SFO resources and expertise.
A SFO spokeswoman would not comment on the scope of the probe for operational reasons.
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