Jun 3, 05:25 PM

SFO Investigates Rockfire’s £650 Million Solar Farm Deals After Thurrock Council Bankruptcy and Luxury Spending by Owner

Britain's Serious Fraud Office (SFO) has launched an investigation into Rockfire Investment Finance and its £650 million solar farm deals with Thurrock council, which led to the council being effectively declared bankrupt in 2022. The probe follows years of reporting on the deals involving companies owned by Liam Kavanagh. Allegations include that the solar firm received £400 million from the debt-ridden council, while its boss reportedly spent £150 million on a luxury lifestyle, including a £14 million yacht and a £9 million private jet. The investigation centers on suspected fraud related to a bond investment scheme linked to solar farms.

#SFO #Rockfire Investment Finance #Thurrock #Liam Kavanagh

Written with ChatGPT (GPT-4).

Sources

Law360@Law360
1 year ago
The Serious Fraud Office announced on Tuesday that it has launched an investigation into an alleged solar farm bond fraud after failed investments forced an English council into bankruptcy. https://t.co/EF5uulFMAF
Standard News@standardnews
1 year ago
Investigation launched into suspected fraud against debt-ridden local council https://t.co/SshTORZtPb
Dr David Cartland BMedSci MBChB MRCGP (2014)@CartlandDavid
1 year ago
Solar firm paid £400million by debt-ridden council faces probe - after boss blew £150m on luxury lifestyle including £14m yacht, and £9m private jet | Daily Mail Online https://t.co/7VdMoYLYx7

SFO Investigates Rockfire’s £650 Million Solar Farm Deals After Thurrock Council Bankruptcy and Luxury Spending by Owner

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