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SFO officially launches investigation into Keydata

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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