SFO investigates alleged multimillion-pound fraud at collapsed council

Rockfire’s renewable energy bonds were said to have offered a return of between 3% and 6%. Photograph: PhotoPower/Alamy

The Serious Fraud Office (SFO) has launched an investigation into Rockfire Investment Finance, which became embroiled in a financial scandal over how a UK council invested more than £100m into solar farms.

The UK’s anti-corruption agency said it had “issued a series of section 2 notices compelling financial institutions to provide information on its newly opened investigation into alleged fraud committed against Thurrock council”.