The UK’s Serious Fraud Office (SFO) has arrested a man in his 40s as part of its investigation into the collapse of Arena Television.
The SFO said the man was taken to a police station in West London on Monday 16th December, with the assistance of the Metropolitan Police. No further details have been released.
Earlier this month, the SFO said it was still investigating the collapse of the outside broadcasting company, which ceased trading in November 2021, with debts believed to be around £280 million.
The company’s administrator Kroll Advisory said Arena secured more than £290 million against assets which are now believed to have never existed.
The SFO initially searched three sites in February 2022, arresting and questioning two individuals.
In July, liquidators Kroll launched a civil case against Lloyds Bank and Bank of Scotland.
