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Six arrested over '$600m fraud' Six arrested over '$600m fraud'
(20 minutes later)
Spanish police have arrested six people on suspicion of perpetrating a $600m (£420m) fraud on the London stock market, according to news agency AFP. Spanish police have arrested six people on suspicion of perpetrating a $600m (£420m) fraud on the London stock market, it has been confirmed.
Reports suggest that the main suspect involved in the multi-million dollar fraud, which began in 2003, is among those arrested. The arrests relate to the fraud committed at a bogus, AIM-listed company called Langbar between 2003 and 2005, said the London Stock Exchange.
Reports suggest that the main suspect involved is among those arrested.
The six arrests were made in Madrid, Barcelona and the town of Elche in the southeast of Spain.The six arrests were made in Madrid, Barcelona and the town of Elche in the southeast of Spain.
The London Stock Exchange were unable to confirm or deny the reports. According to Danny Wood, the BBC's Spain correspondent, police also said they had searched six premises where they confiscated computers and documents.