The Serious Fraud Office has begun an investigation into unregulated overseas property firm Harlequin property.
The SFO and Essex Police are looking into complaints in relation to the Harlequin group, which marketed and built luxury off-plan property developments in the Caribbean and elsewhere.
It has asked investors to complete an online questionnaire if they have invested in the following resorts: Buccament Bay in St Vincent & the Grenadines; Merricks in Barbados; Marquis Estate in St Lucia; The Hideaway in the Dominican Republic; Las Canas in the Dominican Republic; Two Rivers in the Dominican Republic and Garapua Beach Resort in Brazil.
The SFO says investors may be contacted for a full witness statement for potential use in a criminal prosecution.
It says: “We do not generally comment on investigations but may from time to time issue updates in general terms.”
The SFO investigation follows the FSA writing to Sipp operators last week requesting information on members who have invested in Harlequin.
The regulator issued an alert in January saying it had seen an increasing number of Sipps with underlying investments in overseas property purchased through Harlequin.