Sipp provider STM Group has been suspended from trading on the London Stock Exchange’s AIM market.
On 30 October, the provider announced that its chief executive, Alan Kentish, had been arrested in Gibraltar over allegations of failure to disclose information over a tax dispute involving a client.
The client has been involved in a dispute involving two countries, to do with transactions between 2008 and 2013, over their respective rights to the taxes correctly paid by him.
The police have yet to conclude on the investigation
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