Arena Television

The UK’s Serious Fraud Office has opened a criminal investigation into the business practices of individuals associated with outside broadcast company Arena Television and its linked entities.

Arena Television, a UK-based outside broadcast company which ceased trading in November, borrowed almost £300m (€359m/$406m) from 55 lenders for fake assets, according to administrators for the group.

Arena Television, one of the UK's largest independently-owned outside broadcast companies, has ceased trading after more than 30 years