Guernsey 'will support UK investigation'

Related Stories

Guernsey will support investigations into investments made by a UK company on the Channel Islands Stock Exchange, the chief minister has said.

An All Party Parliamentary Group, representing investors, is currently investigating Arch Cru, which had its Guernsey funds suspended in March 2009.

Deputy Lyndon Trott said States representatives would meet the MPs.

He said it would ensure any issues raised by the group were dealt with appropriately.

Deputy Trott said Guernsey Financial Services Commission was working with the UK Financial Services Authority (FSA) on its investigations.

In June the Financial Services Authority announced a £54m package for the investors, of which there were an estimated 20,000.

In a statement Deputy Trott said "this is a regulatory issue relating to a UK-managed and UK-regulated fund, and there are also legal proceedings relating to it under way in the UK", which made it "inappropriate" for him to comment.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey

Weather

Guernsey Airport

Min. Night 16 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.