SFO moves into Morgan Grenfell

 

Britain's Serious Fraud Office said it had become involved in a probe into alleged irregularities at Morgan Grenfell Asset Management, the funds arm of Deutsche Bank's British investment bank. IMRO's own probe into MGAM has already led to the suspension of two fund managers and briefly saw trading halted in three MGAM funds, which have around 90,000 small investors. One of the funds is listed on the Irish Stock Exchange. Page 6