In March 2015, the FCA decided to investigate the activities of Capita and Blue Gate in connection with their roles as operators.
In 2017 the FCA concluded Capita should pay up to £66m to those investors who suffered a loss after investing in the Connaught Income Fund Series 1, with the first instalment of £51m paid to the regulator in April last year and a further £15m ring-fenced in a separate escrow account.
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maria.espadinha@ft.com
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