The Serious Fraud Office announced last week that it is investigating "suspected fraud in relation to the activities of the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars".
One individual has been arrested and another interviewed. Two residential properties were searched.
The identity of the individual arrested, and why the SFO suspects fraud may have occurred, is yet to be revealed.
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