Major social housing firm probed over £300m fraud and bribery allegations

Government

Six people have been arrested this morning after the Serious Fraud Office (SFO) launched a massive investigation into a social housing company. Home REIT - which owned thousands of homes intended for homeless and vulnerable people - is being probed over suspected fraud and bribery offences worth an estimated £300million. The firm told investors their cash would be used to buy and restore properties to house rough sleepers, veterans and people struggling with addiction. But claims later arose

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