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UPDATE 2-Four arrested as UK, Dutch authorities launch joint biodiesel investigation

Published 05/16/2019, 08:33 PM
UPDATE 2-Four arrested as UK, Dutch authorities launch joint biodiesel investigation
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* Four arrested, raids in UK, Netherlands, Belgium
* Anglo-Dutch investigation into biodiesel trading
* Greenergy says is cooperating with authorities
* Varo Energy asked to collaborate in 'ongoing
investigation'

(Adds comment from refining company Varo)
LONDON, May 16 (Reuters) - Four people were arrested and
addresses raided in Britain, the Netherlands and Belgium in a
joint Anglo-Dutch investigation into biodiesel trading at
British road fuel supplier Greenergy, the UK's Serious Fraud
Office (SFO) said on Thursday.
The SFO said the individuals had been released without
charge and that five British sites were among those searched on
April 30 in an investigation into Greenergy and unidentified
third parties.
Greenergy, which is majority-owned by private equity company
Brookfield Business Partners and 15% management-owned, said it
had only become aware of the inquiry into aspects of its
biodiesel trading business and other parties on April 30.
"The company takes these matters very seriously and is
engaging and co-operating fully with the authorities," it said
in a statement. "As this is an ongoing investigation, we are not
permitted to give any further details at this time."
When asked about the SFO-Dutch inquiry, Varo Energy, a
European refining firm owned by oil trader Vitol Group, U.S
private equity firm Carlyle Group CG.O and Dutch firm
Reggeborgh, said it had been asked to collaborate "in an
on-going investigation".
"As a matter of policy, Varo always cooperates fully with
the relevant authorities in any jurisdiction in which it
operates," a spokeswoman told Reuters. She gave no further
details.

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