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UK Serious Fraud Office Probes Company that Sold Solar Farms to Thurrock Council
- The Serious Fraud Office launched a new investigation on June 4, 2025, into alleged fraud against Thurrock Council involving failed solar farm investments in Essex.
- From 2016 to 2020, Thurrock Council committed several million pounds into renewable energy bonds offered by the UK-based Rockfire Investment Finance, which has since entered liquidation.
- The council faced debts of £1.5 billion and declared bankruptcy in December 2022, causing council tax increases and service cuts affecting residents.
- Director Nick Ephgrave described today’s developments as a major advancement in the probe into the alleged criminal activities, highlighting the collaborative efforts with Essex Police and Thurrock Council.
- Thurrock Council continues to support the inquiry and pursue civil claims to recover lost public funds exceeding £650 million, reaffirming commitment to securing justice and accountability.
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Solar Scandal: Investigating the Financial Fallout of Thurrock's Investment
The UK's Serious Fraud Office is investigating a bond investment scheme tied to solar farms that led Thurrock Council to financial ruin. From 2016-2020, the council invested heavily in the scheme, accruing over £1 billion in debt and effectively declaring bankruptcy. The probe aims to secure justice and accountability.
·India
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Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
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