SFO Arrests Six Over Alleged £300 Million Fraud at Home REIT

The UK’s Serious Fraud Office said it arrested six people over suspected offenses totaling about £300 million ($404 million) linked to the “chaotic downfall” of social housing firm Home REIT Plc.

The arrests, carried out at homes in London and northwest England, follow concerns raised in a late-2022 investor report, the SFO said in a statement Wednesday. Italian financial crime authorities also swooped on a house in Venice as part of the probe, the SFO added.