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Greenergy released from Serious Fraud Office biodiesel investigation

The SFO’s investigation into biodiesel trading is ongoing but it has now confirmed that Greenergy and its employees are no longer suspects. Pic: Greenergy
The SFO’s investigation into biodiesel trading is ongoing but it has now confirmed that Greenergy and its employees are no longer suspects. Pic: Greenergy

The UK’s Serious Fraud Office (SFO) has released road fuel supplier Greenergy from its investigation with Dutch authorities into biodiesel trading.

In May the SFO announced it was investigating “certain aspects of biodiesel trading” at the firm and various third parties.

Raids were carried out at five UK sites as part of the inquiry, with four people being arrested and then released without charge.

The SFO’s investigation is ongoing but it has now confirmed that Greenergy and its employees are no longer suspects.

In a joint statement, the board of Greenergy said: “We are cooperating fully with the SFO during its investigation, providing extensive data and visibility of our biodiesel business.

“We are pleased that both the company and our employees have now been released from the investigation. We would like to thank our staff for their professionalism and dedication during this time.

“Our success as a business has been built upon our values of integrity, honesty, openness and respect, and these values will continue to guide us.”

Greenergy is 83.64% owned by private equity group Brookfield Business Partners and employs more than 1,000 people.

According to its website, the firm sold 19.4 billion litres of fuel in 2018.

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