UK SFO continues to investigate London Capital & Finance dealings
The UK Serious Fraud Office (SFO) today provided an update on its investigation into London Capital and Finance Plc (LCF).
The SFO says it continues to investigate the dealings of London Capital and Finance Plc and associated companies. The body thanks to those victim investors who the SFO has asked to make formal witness statements. “This is an ongoing process as part of the wider investigation, and we will contact you if we would like you to participate,” the SFO explains.
If you would like the SFO Victim and Witness Care Team to refer you to your local Police and Crime Commissioner funded victim service please email the SFO at witness.care(at)sfo.gov.uk.
On March 31, 2021, the SFO closed the LCF questionnaire, with 3,825 responses submitted.
Let’s recall that, the SFO, working in conjunction with the Financial Conduct Authority (FCA), is investigating individuals associated with LCF. The conduct relates to investments offered between 2013 and 2018. These investments were sold through Sales Aid Finance (England) Ltd (SAFE), which changed its name to London Capital & Finance Ltd in July 2015.
On March 4, 2019, four individuals were arrested in the Kent and Sussex areas. All four individuals have been released pending further investigation. On June 19, 2019, a fifth individual was arrested in Sussex and was also released pending further investigation.
On March 5, 2020, and December 15, 2020, two further individuals in the Kent area were interviewed for money laundering in connection with the LCF investigation.
On 22 March 2021, one further individual in the Kent area was interviewed in connection with Fraud and Money Laundering offences relating to the LCF investigation.