Metropolis agency allegedly being investigated over two separate issues
Prime regulation agency Mishcon de Reya is reportedly beneath investigation by the Solicitors Regulation Authority (SRA).
The Guardian reports that the SRA has been poking round Mishcon for a minimum of two years, probing two separate issues.
The primary allegedly stems from an investigation into funds to unlicensed soccer brokers, whereas the second is alleged to be associated to the agency’s work in a non-public prosecution of businessman Paul Sultana. The profitable case was reportedly the most important fraud ever prosecuted privately, however Sultana has apparently complained to the regulator a few battle of curiosity.
Based on the Guardian’s scoop, “forensic and anti-money laundering investigators” have visited Mishcon’s swanky Holborn workplaces.
The agency has maintained a excessive profile in recent times, with explosive income progress and a stream of high shoppers. Earlier this yr, it represented Sainsbury’s in a landmark Supreme Courtroom case difficult Visa and Mastercard charges.
The SRA mentioned it doesn’t touch upon ongoing investigations. Mishcon didn’t reply to requests for remark.