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Seventy Ninth Group: Fraud

Asked by Anna SabineLiberal DemocratTreasuryTabled Answered 17 July 2025UIN 66806

The question

To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her Department’s policies of cases of fraud involving the Seventy Ninth Group.

Answered by Emma Reynolds

On 28 February 2025, the City of London Police announced that it was investigating allegations of fraud in relation to the 79th Group. It is understood that the 79th Group offered investment opportunities involving loan notes that were marketed as being secured against properties. The investigation remains in progress.

A number of entities in the 79th Group have been placed into administration. On 14 July 2025 the joint administrators published an update on the administration, which can be viewed on the Companies House website.

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