© Reuters. Four arrested as UK, Dutch authorities launch joint biodiesel investigation

LONDON (Reuters) – Four people were arrested and addresses raided in Britain, the Netherlands and Belgium in a joint Anglo-Dutch investigation into biodiesel trading at British road fuel supplier Greenergy, the UK’s Serious Fraud Office (SFO) said on Thursday.

The SFO said the individuals had been released without charge and that five British sites were among those searched on April 30 in an investigation into Greenergy and unidentified third parties.

Greenergy, which is majority-owned by private equity company Brookfield Business Partners and 15% management-owned, said it had only become aware of the inquiry into aspects of its biodiesel trading business and other parties on April 30.

“The company takes these matters very seriously and is engaging and co-operating fully with the authorities,” it said in a statement. “As this is an ongoing investigation, we are not permitted to give any further details at this time.”

When asked about the SFO-Dutch inquiry, Varo Energy, a European refining firm owned by oil trader Vitol Group, U.S private equity firm Carlyle Group (NASDAQ:) and Dutch firm Reggeborgh, said it had been asked to collaborate “in an on-going investigation”.

“As a matter of policy, Varo always cooperates fully with the relevant authorities in any jurisdiction in which it operates,” a spokeswoman told Reuters. She gave no further details.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  Trump Doubles Down on China Threat as Trade Talks Resume

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here