Top Stories
Top Stories
Wires

UPDATE 1-Four arrested as UK, Dutch authorities launch joint biodiesel investigation

investigation@ (Recasts, adding Greenergy comment, details)

LONDON, May 16 (Reuters) - Four people were arrested and addresses raided in Britain, the Netherlands and Belgium in a joint British and Dutch investigation into biodiesel trading at UK road fuel supplier Greenergy, the UK Serious Fraud Office (SFO) said on Thursday.

The SFO said the individuals had been released without charge and that five British sites were among those searched on April 30 in an investigation into Greenergy and third parties.

Greenergy, which is majority-owned by private equity company Brookfield Business Partners and 15 percent management-owned, said it had only become aware of the inquiry into aspects of its biodiesel trading business and other parties on April 30.

"The company takes these matters very seriously and is engaging and co-operating fully with the authorities," it said in a statement. "As this is an ongoing investigation, we are not permitted to give any further details at this time." (Reporting by Kirstin Ridley and Huw Jones Editing by Rachel Armstrong and Kirsten Donovan)