Alpha and Green Park companies
The Serious Fraud Office (SFO) opened an investigation into the Alpha and Green Park group of companies in 2021. This focused on suspected fraud in relation to student and holiday property development schemes.
We pursued multiple lines of inquiry to examine the alleged conduct. Our investigation included a public call for information from UK investors and search operations conducted in partnership with Cleveland Police.
As a responsible prosecutor we must ensure all our cases meet the stringent evidence and public interest tests set by the Code for Crown Prosecutors.
We review all our cases on an ongoing basis to help us deliver justice for victims and value to the public.
In August 2023, following our latest review of the investigation, we concluded that we have insufficient admissible evidence to prosecute, and closed the case.
We would like to sincerely thank everyone who has co-operated with our investigation, including each investor who submitted a questionnaire or provided us with information.
Civil proceedings brought by some investors are now scheduled to start in 2024. These may determine whether directors and companies who operated these property investment schemes are liable to compensate investors who are party to those proceedings. Please note, the SFO is not a party to these proceedings, and cannot provide further information about them.
Support for investors
If you and your family have been impacted by this investment and need support, please see this information on support services available to you.
If you would like more information on support services, or would like the SFO to make a referral on your behalf to your local Police and Crime Commissioner funded victim support service, please contact our Victim and Witness Care Team at [email protected].
Victims Right to Review
Those investors entitled to request the SFO to carry out a Victims Right to Review (VRR) under right 6 of the Code of Practice for Victims of Crime were given until 24 November 2023 to apply. The VRR application process has now closed and the SFO has until 23 March 2024 to complete that review.
Tudalen wedi ei chyhoeddi ar 29 Medi 2021 | Tudalen wedi ei haddasu ar 11 Rhag 2023