Raedex Consortium

Investor updates

18 October 2023 – Our investigation in relation to the activities of the Raedex Consortium is still ongoing.

Investors should read the information contained in our updates below regarding “phishing” emails, retention of documents and support information. We would also remind investors who completed a questionnaire to update us if your contact details change or have changed since you completed a questionnaire.

As this is a live investigation, the SFO can provide no further comment at this time.

27 June 2023 – The investigation in relation to the activities of the Raedex Consortium is still ongoing. As this is a live investigation, the SFO can provide no further comment at this time.

Please do not forget to update us if your contact details change or have changed since you completed a questionnaire.

If you are an investor who is yet to complete a questionnaire, then please contact us on [email protected] and we will send you one to complete.

“Phishing” emails
Please continue to be aware of emails seeking personal information from investors in relation to any investigation into Raedex Consortium. The SFO would like to draw your attention to the following advice Phishing: Spot and report scam emails, texts, websites and… – NCSC.GOV.UK. The SFO will never ask for any personal information to be provided over email and will always use our secure platform Egress. Please be mindful on the source of any emails and only respond if you know the sender.

Retention of Documents
Please continue to keep safe any paperwork, including any documents or correspondence held in an electronic format, for example emails. Please do not dispose or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Support information for investor victims
If you would like some help and support, our Information Sheet lists organisations that can offer support to victims of crime and organisations that can offer advice on financial matters.

Contact Details
Please do not forget to update us on [email protected], if your contact details change or have changed since you completed a questionnaire.

9 March 2023 – The review of investors’ statements is ongoing and we may contact further investors at a later stage. As mentioned previously, due to the number of investors, we will only contact a sample of those who invested for us to evidence how the scheme operated.

If you are an investor who is yet to complete a questionnaire, then please contact us on [email protected] and we will send you one to complete.

“Phishing” emails
Please continue to be aware of emails seeking personal information from investors in relation to any investigation into Raedex Consortium. The SFO would like to draw your attention to the following advice Phishing: Spot and report scam emails, texts, websites and… – NCSC.GOV.UK. The SFO will never ask for any personal information to be provided over email and will always use our secure platform Egress. Please be mindful on the source of any emails and only respond if you know the sender.

Retention of Documents
Please continue to keep safe any paperwork, including any documents or correspondence held in an electronic format, for example emails. Please do not dispose or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Support information for investor victims
If you would like some help and support, our Information Sheet lists organisations that can offer support to victims of crime and organisations that can offer advice on financial matters.

Contact Details
Please do not forget to update us on [email protected], if your contact details change or have changed since you completed a questionnaire.

23 November 2022 – We have now contacted all those investors from whom we wish to obtain a statement, this is an ongoing review and we may contact further investors at a later stage. As mentioned previously, due to the number of investors, we will only contact a sample of those who invested for us to evidence how the scheme operated.

If you are an investor who is yet to complete a questionnaire, then please contact us on [email protected] and we will send you one to complete.

“Phishing” emails

We have been made aware that some investors might have received emails seeking for them to provide personal information in relation to an investigation into Raedex Consortium. The SFO would like to draw your attention to the following advice Phishing: Spot and report scam emails, texts, websites and… – NCSC.GOV.UK. The SFO will never ask for any personal information to be provided over email and will always use our secure platform Egress. Please be mindful on the source of any emails and only respond if you know the sender.

Retention of Documents

Please continue to keep safe any paperwork, including any documents or correspondence held in an electronic format, for example emails. Please do not dispose or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Support information for investor victims

If you would like some help and support, our Information Sheet lists organisations that can offer support to victims of crime and organisations that can offer advice on financial matters.

Contact Details

Please do not forget to update us on [email protected], if your contact details change or have changed since you completed a questionnaire.

19 August 2022 – We have contacted all those investors from whom we wish to obtain a statement, this is an ongoing review and we may contact further investors at a later stage. As mentioned previously, due to the number of investors, we will only contact a sample of those who invested for us to evidence how the scheme operated.

If you are an investor who is yet to complete a questionnaire, then please contact us on [email protected] and we will send you one to complete.

Retention of Documents

Please continue to keep safe any paperwork, including any documents or correspondence held in an electronic format, for example emails. Please do not dispose or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Support information for investor victims

If you would like some help and support our Information Sheet  lists organisations that can offer support to victims of crime and organisations that can offer advice on financial matters.

Contact Details

Please do not forget to update us on [email protected], if your contact details change or have changed since you completed a questionnaire.

19 May 2022 – We have now identified a proportion of investors from whom we will obtain witness statements.  As mentioned previously, due to the number of investors, we will only contact a sample of those who invested for us to evidence how the scheme operated. We have been contacting, or will contact those investors from whom we wish to obtain a witness statement.

If you are an investor who would like to complete a questionnaire, but have not yet completed one, please contact us on [email protected]

Retention of Documents

Please continue to keep safe any paperwork, including any documents or correspondence held in an electronic format, for example emails. Please do not dispose or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Support information for investor victims

If you would like some help and support our Information Sheet lists organisations that can offer support to victims of crime and organisations that can offer advice on financial matters. 

Contact Details

Please do not forget to update us on [email protected], if your contact details change or have changed since you completed a questionnaire.

22 February 2022 – Thank you to all those investors who have responded to the questionnaire, we have collated the responses and are now reviewing the information. 

If you are an investor who is yet to return a questionnaire, please do so as soon as possible.  If you are an investor who would like to complete a questionnaire but have not yet requested one, please contact us on [email protected].

We will now start to contact some investors to obtain witness statements from them explaining the events that occurred. Due to the number of investors, we will only contact a sample of those who invested for us to evidence how the scheme operated. All the investor information will be collated into the evidential material but it is not necessary or proportionate for us to obtain a statement from everyone that invested.

The Serious Fraud Office is committed to supporting victims of fraud, and we invite those who believe they have been a victim in connection with this investigation to check this page for updates and for information on the support services we provide.

Retention of Documents

Investors in Raedex should advise the SFO if they have any documents relating to their investment. This includes any documents or correspondence held in an electronic format, for example emails. Please do not dispose of or destroy any of this information as we may wish to consider it for the purposes of our investigation.

28 January 2022 – The SFO would like to thank investors who have provided information about their investments so far. The investigation into Raedex is ongoing and being progressed; we cannot provide any further information on a live investigation. Please retain any correspondence and documents you hold in respect of your investment. 

We have recently been made aware that some investors are still experiencing issues with the questionnaire, resulting in them being unable to submit their questionnaire or their submissions otherwise failing.  

Due to ongoing problems with the questionnaire we ask that any investor, that has not yet completed the questionnaire to date, to contact the case team by 21 February 2022  on [email protected]. A member of the case team will then send you by secure email an Excel version of the questionnaire to complete, with instructions for returning.

Should you have any queries or require assistance completing our questionnaire, please contact our dedicated Support Officer, Renu Thacker by email at [email protected] or, if you wish to contact us by telephone, contact Renu on 020 7084 4859 on Tuesdays or Thursdays.

Retention of Documents

Investors in Raedex should advise the SFO if they have any documents relating to their investment. This includes any documents or correspondence held in an electronic format, for example emails. Please do not dispose of or destroy any of this information as we may wish to consider it for the purposes of our investigation.

Contact Details

Please do not forget to update us if your contact details change or have changed since you completed a questionnaire.

22 December 2021 – The technical issues experienced by some investors with the questionnaire are now resolved. We thank investors for bearing with us while we looked into these issues.

Frequently asked questions for investors

Browsers and devices

This secure questionnaire will work with commonly supported up-to-date browsers and devices. If you have issues with the device or browser you are using, please try a different device and/or browser.

Issues submitting the questionnaire

Should you still experience issues submitting the questionnaire please double check the following:

• All questions have been completed
• Any questions requiring figures only do not contain symbols such as ‘£’
• Contact number contains the country code e.g. UK country code is +44.

If you still have trouble submitting the questionnaire, please email Renu Thacker on [email protected], with details of the issues you are experiencing.

Please note that once started you will need to complete the questionnaire all in one go. You will not be able to save and return to it.  Therefore, it may be helpful to have all your relevant Raedex documents on hand for reference before starting.

30 November 2021 – We are aware that some investors are currently experiencing technical issues with the questionnaire which we are looking into and hope to resolve very soon.  We will update the website when the issues have been resolved.  We thank investors for their patience and bearing with us in the meantime. If you have any queries regarding completion of this form, please contact Renu Thacker by email on [email protected]. 

20 October 2021 – The SFO asked investors into the suspected fraudulent schemes to complete a confidential questionnaire by 7 January 2022. The information provided will help the SFO to continue to progress the investigation. The questionnaire can be accessed here.

30 July 2021 – Following some initial enquiries we are revising the questionnaire and this will be finalised in due course. A link to access the questionnaire will be provided on this webpage and we would ask you to check back regularly. For those who have provided contact details, we will send an email when the questionnaire goes live. The questionnaire is designed to capture information from all those that previously invested, current investors, those who have or currently lease vehicles and any other parties who supplied goods or services to the Raedex Consortium.

10 June 2021 – Investors and lessees will be invited to complete a secure investigation questionnaire in July 2021 and we thank all those who have already assisted with our investigation so far. If you have already given us your contact details, we will send you an email when the questionnaire goes live. The questionnaire will be available on this page for those reporting on behalf of another (eg an elderly parent) as well as those who dealt directly with the companies.

10 May 2021 – We will soon ask investors and lessees to complete a secure investigation questionnaire. Investors and lessees should ensure all paperwork, correspondence and documentation is retained whilst we prepare the questionnaire.

The SFO is committed to supporting victims and invites investors and lessees to view this information pack for more information on support for victims of crime and on organisations that can offer advice on financial matters. Please be assured that the SFO is taking all reasonable steps to fully investigate this case. We thank you for your assistance with our investigation.

RSM Restructuring Advisory LLP are the Joint Administrators for the Raedex Consortium. Their work is separate and distinct from the SFO investigation.

8 April 2021 – Investors and lessees of the suspected fraudulent schemes are invited to check this webpage for an update on Monday 10 May 2021.

On Thursday 8 April 2021, the SFO, with the assistance of the National Crime Agency and City of London Police, conducted searches on two residential premises in connection with this investigation. The SFO also arrested and interviewed one individual, who has been released pending further investigation, and conducted an interview with a further individual.

Those who have leases with the companies above can find more information on the FCA website here.