Cinema to be sold as firm in administration

A HISTORIC cinema is one of three properties to be sold after a multi-million-pound company at the centre of a police probe entered administration earlier this year.

- BY BEN HASLAM

Southport-based Seventy Ninth Group has seen 19 companies linked to the name file for administration with The Gazette in recent months as City of London Police continues its investigation into the group.

The Seventy Ninth Group became the subject of an extensive police investigation earlier this year, with four arrests being made by City of London Police after it was believed to be offering loan notes to investors with high interest return over a fixed period.