Merlin quizzed on missing millions
Bioscience VC set for SFO probe
Posted in Financial News, 27th September 2005 10:04 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
Merlin Biosciences, the €450m venture capital fund, has confirmed it is facing a Serious Fraud Office investigation. The probe is believed to centre around a "missing" £2.5m.
The company said: "Merlin wishes to confirm that it is working with SFO in a preliminary inquiry concerning an investment made by one of its funds." It added it would be inappropriate to comment further, according to the Independent newspaper. The paper also reports the SFO has already visited the home of Merlin chief exec Mark Clement
Merlin was founded in 1996 by Sir Christopher Evans and has invested in 35 European bio and life science firms since then. He has written to investors to reassure them that the investigation stems from a misunderstanding. Evans is a sometime government advisor on scientific matters. ®
Free whitepaper – Total cost of ownership of Dell, HP and IBM blade solutions

Analyst Keynote: The Register Agile Data Center Summit
Hosted CRM Can Be Your Secret Weapon to Success!
10 Strategies for Choosing a Midmarket ERP Solution
Enabling The Agile Data Center

Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter