Capita Financial

Capita Financial fined for fraud

A subsidiary of the giant Capita group has been fined by the Financial Services Authority (FSA) after some of its staff helped to defraud customers.

The frauds took place in 2004 at Capita Financial Administrators (CFA) which administers the customer accounts of unit trust companies.

The police are investigating how up to 26 customers lost £328,000 and attempts were made to steal a further £1