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| Six arrested in £420m fraud case | |
| (10 minutes later) | |
| Spanish police have arrested six people on suspicion of perpetrating a £420m fraud relating to a London-listed company, it has been confirmed. | |
| The arrests relate to the fraud committed at a bogus, AIM-listed company called Langbar between 2003 and 2005, said the London Stock Exchange. | The arrests relate to the fraud committed at a bogus, AIM-listed company called Langbar between 2003 and 2005, said the London Stock Exchange. |
| Reports suggest that the main suspect involved is among those arrested. | Reports suggest that the main suspect involved is among those arrested. |
| The six arrests were made in Madrid, Barcelona and the town of Elche in the southeast of Spain. | The six arrests were made in Madrid, Barcelona and the town of Elche in the southeast of Spain. |
| According to Danny Wood, the BBC's Spain correspondent, police also said they had searched six premises where they confiscated computers and documents. | According to Danny Wood, the BBC's Spain correspondent, police also said they had searched six premises where they confiscated computers and documents. |