BusinessBusiness RecoveryGrant Thornton liquidates scandal trusts

Grant Thornton liquidates scandal trusts

Mid-tier firm takes on disposal of BFS Investment, which still faces lawsuits over scandal

Grant Thornton is to take on the liquidation of BFS Investment, one of the
companies involved in the split capital investment trust scandal.

Investors have voted to wind up the company, which is still facing lawsuits
over the scandal.

BFS has about £4m cash in the bank, according to Nick Wood of Grant Thornton,
much of which could be paid out to investors suing the company.

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