A criminal investigation has been launched into an advice firm following allegations of fraudulent activity.
Between 1992 and 2010, Kingsbridge Asset Management provided high net worth clients with specialist financial advice.
Whilst the company stopped trading in 2010, its thought that hundreds may be affected by the possible fraudulent activity. This includes allegations that both management and staff conspired to defraud a significant number of clients, leading to large financial losses as a result.
Commenting on the investigation was City of London Police detective superintendent Perry Stokes, who said: “We are encouraging anyone who believes they are a victim or anyone who has information about Kingsbridge Asset Management or companies associated with it, to come forward.
“We are aware that there may be many people, impacted by the activities of this company and it is vital that those affected come forward so their voices are heard and we are able to support them and provide the advice that they may need.”
