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SFO investigating Buy2LetCars owner Raedex, one individual questioned

Reuters
·1-min read

(Reuters) - The UK Serious Fraud Office (SFO) said on Friday it had arrested and interviewed one individual in connection with an investigation into the Raedex Consortium, owner of Buy2LetCars and PayGo Cars, as part of an investigation into suspected fraud.

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The SFO said it had released the individual pending further investigation, adding it had also conducted searches on two residential premises on Thursday in connection with the probe.

RSM Restructuring Advisory LLP, which was appointed last month as administrators of Raedex, did not respond to a Reuters request for immediate comment.

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(Reporting by Muvija M in Bengaluru and Lawrence White in London; editing by Jason Neely)