Arrests made in FSA land banking investigation
16th November 2011The Financial Services Authority (FSA) today took action against five individuals suspected of involvement in land banking by way of an unauthorised collective investment scheme.
With the assistance of the City of London Police, the FSA executed search warrants on nine premises in Kent and Greater London and five individuals were arrested. Nobody has been charged at this stage in connection with the FSA's investigation, which is ongoing.
The FSA cannot comment further at this time.
