Support group helps Keydata victims

A SUPPORT group representing victims of the collapse of investment company Keydata is urging more of the company’s customers from Suffolk and Essex to get in touch.

Thousands of investors, including many pensioners, have seen their incomes dry up after investing their savings in Keydata, which went into administration last year and is now being investigated by the Serious Fraud Office.

Many of the victims were initially referred to Keydata by the Norwich & Peterborough Building Society, which has now agreed to offer interest-free loans to its affected customers, pending the agreement of a compensation programme between regulators and the administrators

The Norfolk-based N&P Victims group, which has been formed to press for an early resolution and advise members on major developments, is urging affected N&P customers from across the region to get in touch.

Group member Tony Hunt said: “Many of the investors caught up in this scandal are either too embarrassed or too cautious to make their plight public and they often feel alone but I would expect there to be a number of people in Suffolk, and possibly Essex, who are also seeking answers.”

Mr Hunt said the N&P Victims group was not connected with any legal firms and did not stand to gain financially, only to help investors recover their lost money. Anyone wishing to contact the group should email napvictims@googlemail.com .

Matthew Bullock, chief executive of N&P, said its decision of offer the interest-free loans was not an indication of any legal liability on its part.

“Our members are our owners and we have been most distressed by their difficulties,” he said.

“It’s right that people are able to pay their monthly bills while we wait for this issue to get resolved.”