Raedex Consortium News Today

Two former directors of Raedex Consortium have been charged with fraud over a £88m nationwide car leasing scheme

Millionaire Tom Hartley is alleged to have withheld information from a fraud investigation into a car leasing company, which he denies.

Tom Hartley, 61, appeared at Westminster Magistrates today where he pleaded not guilty to a charge of failing to comply with a requirement of the director of the Serious Fraud Office.

The Serious Fraud Office arrested another suspect on Wednesday in a continuing criminal investigation into an allegedly fraudulent automobile financier that collapsed this year after authorities halted its business amid financial concerns.

Investors were adding thousands weeks before the authorities stepped in The pension pots and life savings of hundreds of British investors are on the line after a car leasing firm went bust owing £26m. Raedex Consortium, which owns Buy 2 Let Cars, collapsed in March and is facing an investigation from the Serious Fraud Office after the City watchdog intervened. Its leading brand, Buy 2 Let Cars, attracted hundreds of savers with the promise of returns of up to 11pc and was widely advertised on...

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Last modified on Fri 9 Apr 2021 11.05 EDT The Serious Fraud Office has made an arrest and raided two residential premises as part of an investigation into a company that operated a hire car investment scheme. The SFO is investigating the activities of Raedex Consortium, which runs a string of companies including Buy2Let Cars, PayGo Cars, Wheels4Sure and Rent2Own Cars. The SFO, which conducted the raids on Thursday with the assistance of the National Crime Agency and the City of London police, s...

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Buy2Let Cars parent company under investigation by serious fraud watchdog The FCA stopped Raedex from entering into any new car leases in February, while allowing existing lease agreements to continue. (Getty Images) The Serious Fraud Office (SFO) has launched an investigation this morning into the Buy2Let Cars parent company Raedex Consortium for an unauthorised customer investment scheme. The SFO, the National Crime Agency (NCA) and the City of London police searched two prem...

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