Five people have been arrested for the fraudulent sale of four mining sites in the south of Wales, UK.
The investigation, conducted by the Serious Fraud Office, is looking into allegations of conspiracy to defraud relating to the sale of each of the mining sites.
Three men from south Wales have been arrested. They are aged 65, 36 and 31. One 47 year old man from London has also been arrested. As well as a 28 year old woman from Birmingham. All of them have been since released on bail.
Five residential properties in south Wales, one in London and one in Birmingham have been searched by the investigators. The inquiry has been handled by more than 90 Serious Fraud Office investigators and officers from South Wales Police, Gwent Police, the Metropolitan Police and West Midlands Police.