More links have been discovered been two collapsed mini-bond companies fuelling fears of a greater scandal.
Asset Life, which fell into administration last July, has been found to have held a 5% share in Prime Resort Development, a company with property interests in Cornwall and the Caribbean.
That company was lent £70m by London Capital & Finance, which collapsed last January with more than £237m of investors money, and is at the centre of a Serious Fraud Office investigation.
David Rubin & Partners, the administrator of Asset Life, has spent six months trying to trace the £7.9m of investors money, but has been largely unsuccessful.
The three companies appear to have shared a number of directors and personnel.
