The Serious Fraud Office has commenced an investigation into an investment fund called Gilher Inc.
Early today, a search warrant was executed, with the assistance of Surrey Police, on a commercial property in Surrey. No persons were arrested.
The fund targeted British nationals and other expatriates resident in Mallorca. There were also investors in France, the USA and the UK. It is believed that around £20 million had been invested in the fund which was offering a guaranteed return of 20% a year.
This investigation arose out of a complaint from a member of the public.
Serious Fraud Office, Elm House, 10-16 Elm Street, London, WC1X 0BJ
Press Office tel: 020 7239 7000 / 7004 or mobile: 07776 160 985
Main switchboard tel: 020 7239 7272
press.office@sfo.gsi.gov.uk - or via - www.sfo.gov.uk
