Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her Department’s policies of cases of fraud involving the Seventy Ninth Group.

On 28 February 2025, the City of London Police announced that it was investigating allegations of fraud in relation to the 79^th Group. It is understood that the 79^th Group offered investment opportunities involving loan notes that were marketed as being secured against properties. The investigation remains in progress.

A number of entities in the 79^th Group have been placed into administration. On 14 July 2025 the joint administrators published an update on the administration, which can be viewed on the Companies House website.