The UK's Financial Conduct Authority probes Home REIT, a social housing firm targeted by short seller Viceroy Research, over fraud allegations and governance.

The UK's Financial Conduct Authority has started an investigation into Home REIT, a social housing landlord that has been targeted by short seller Viceroy Research. The investigation covers a period from 22 September 2020 to 3 January 2023, after Home REIT's shares were suspended due to allegations of fraudulent financial health and governance. The company has since replaced its management and reduced the value of its assets due to declining rent collections. The investigation will also examine Home REIT's relationship with its external manager, Alvarium Investments, during the period mentioned.

February 13, 2024
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