Source: Serious Fraud Office (UK)
This morning, the SFO conducted searches across nine sites and arrested seven individuals as part of a new investigation into collapsed law firm Axiom Ince.
Over 80 SFO investigators worked with the Metropolitan Police and local police across South East England to bring individuals in for questioning and search for potential evidence.
The Solicitors Regulation Authority shut down Axiom Ince last month after approximately £66 million in client money was found to have gone missing and been spent.
Director of the SFO Nicholas Ephgrave QPM said “There are a number of significant questions that need to be answered: clients from this law firm are missing many millions of pounds and more than 1,400 of its staff have lost their jobs. The impact on those affected is extremely serious.
“This morning, we have used our specialist powers to obtain important information that will help us get to the bottom of what happened.”
