Keydata founder Stewart Ford has accused Pricewaterhouse Coopers of conflicts of interest in its handling of the structured product firm.
On Tuesday, Ford sent an open letter to administrator Dan Schwarzmann claiming PwC has conflicts of interest over Keydata and called for a public res-ponse from PwC.
PwC says: “The Serious Fraud Office is investigating certain activities of Keydata as well as the control and ownership of Lifemark. Keydata and Mr Ford are also under investigation by the FSA and the FSCS has been investigating whether Keydata has a liability to investors for their losses.
“We do not wish to say anything which could prejudice these investigations and Mr Ford would be aware of this.”
On Monday, the Treasury insisted it will not bail out Keydata Lifemark savers, despite new calls from IFA Geoff Hartnell and MP Zac Goldsmith.