Man charged in police probe into alleged £9million fraud

A 61-year-old man has been arrested and charged by police probing a multimillion-pound fraud spanning 13 years.

Up to 180 investors claimed to have lost an estimated £9million after Midas Financial Solutions Scotland was investigated by a financial watchdog.

Police then launched a criminal inquiry and sent hundreds of letters to potential victims.

Police said their probe covered Midas’s activities between October 2001 and September 2014.

The firm, based at Aberdeen’s Carden Place, was founded in 2006.

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