Two people have been arrested as part of a large-scale investigation into a Suffolk-based inheritance tax planning firm.
More than 100 reports of potentially fraudulent activity were received in relation to Universal Wealth Management and its associated companies, according to the police.
Two people were arrested in connection to the investigation but have been released under investigation.
Detective Inspector Rob Turner, who is leading the investigation, said: "Investigations of this type are very complex and by their nature are likely to be long-running.
"I understand the concerns of those who have had dealings with this company and I’d like to reassure people that we are taking this matter seriously.
"We’re working closely with a number of partner agencies to ascertain the facts and we will endeavour to keep those affected updated as and when we have any further information.
"We’d urge anyone who has concerns, who has not yet made a report, to get in touch with Action Fraud who will then pass the information to ourselves."
The investigation was initially carried out by Suffolk Constabulary before being passed to the Eastern Region Specialist Operations Unit (ERSOU) due to its scale.
ERSOU is now examining the contents of hundreds of boxes of files which were seized by police.
damian.fantato@ft.com
