A Swansea-based financial adviser and stockbroker has been arrested on suspicion of fraud.
The South Wales Evening Post reports John Evans was questioned over a number of investments made in a company based in South Africa.
The 56-year-old has since been released on bail.
South Wales Police told the paper: “A 56-year-old man from Swansea has been arrested on suspicion of fraud. He has been released on police bail pending further inquiries.”