Fraud 'may total £300m'

MERSEY-LINKED SOCIAL HOUSE COMPANY HIT WITH SERIES OF ARRESTS AND RAIDS

- By LIAM THORP ECHO Political Editor

SIX people have been arrested and homes around the country have been raided after the Serious Fraud Office (SFO) launched an investigation into a UK social housing company with links to Merseyside.

The SFO yesterday conducted a major operation involving raids and arrests in different locations around the country as it announced a new bribery and fraud investigation into the past management of Home REIT, a listed UK social housing company.

The SFO said that the suspected offending had an estimated value of £300m.