Police review into Cwmaman Communities First scheme
A police review is under way into a branch of a Welsh government regeneration project.
South Wales Police said it was reviewing Cwmaman Communities First Partnership in the Cynon Valley after a referral from the Welsh government.
Launched in 2001, Communities First was intended to involve people in projects to regenerate deprived neighbourhoods.
Ministers announced changes to it last year following questions about whether it had delivered value for money.
The Welsh government declined to release the findings of an audit into the Cwmaman project following a Freedom of Information request by the Western Mail.
In a response to the request, the Welsh government said audit reports were being considered as part of an ongoing police investigation with a suspect named throughout the reports, along with other witnesses who are yet to be seen.
A South Wales Police spokeswoman said: "The matter was referred to us by Welsh government and is currently under review."
There was no answer when BBC Wales contacted the office of Cwmaman Communities First.
A Welsh government spokesperson said: "This is currently subject of police enquiries and it would be inappropriate to comment further pending the outcome of those enquiries."
Last July the Welsh government promised the flagship programme would have a stronger emphasis on tackling poverty around Wales and said it would create fewer and larger areas involved in the scheme.