As rare whisky prices rise, so do scams and schemes

As the price of rare bottles and casks of Scotch whisky has risen in recent years, inevitably too have entrepreneurs trying to turn this into an investable opportunity.

While several companies offer single malt as a way to diversify portfolios - much like fine wine or commodities like gold - other schemes have a less clear grasp on the actual asset and some have been revealed to be fraudulent.

According to the most recent Knight Frank Index, the value of rare whisky has risen by 540% during the last decade; faster than any other collectable luxury asset, such as watches, art or classic cars.