Three people have been arrested as part of an investigation into an alleged £76m fraud involving luxury care homes.

Two sites were raided across St Leonard’s, Dorset and Aylesbury as part of the Serious Fraud Office (SFO) probe.

The investigation is looking into the UK registered property developer, the Carlauren Group, which collapsed into administration in November 2019.

The raids took place across the south of England, in St Leonard’s, Dorset, Aylesbury, and Buckinghamshire.

Nick Ephgrave QPM, Director of the Serious Fraud Office, said: “This company’s abrupt collapse has created turmoil and enormous anxiety for many, with elderly people forced to vacate their homes and investors left with nothing.

“Today’s arrests are a major development in our investigation and a step towards getting the answers so many people need.”

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Related posts:

What can you do from 17 May when COVID restrictions are relaxed? Whale put down after becoming stranded in River Thames in London Choice of food for Christmas could be limited – and turkeys may have to come from Europe, expert says Bird flu prevention zone declared across UK to stop spread of disease amongst poultry Four-year-old girl dies after crash on M4 motorway ‘The state let you down’: Long-awaited Stormont apology Stormont for historical institutional abuse victims Rail strikes will cause traffic to surge, AA warns – as list of the most-affected roads is released Three dead in crash between car and van Why you’ll likely see more money in your pay packet this month Former health secretary Matt Hancock will not stand at next election Sunak says UK-US relationship is in ‘great shape’ – after White House denies Biden is ‘anti-British’ Government cuts ties with Greenpeace after anti-oil protest at PM’s mansion