Mossad agent arrested over £426m UK fraud

Six people have been arrested by Spanish police in connection with a $600 million (£426m) fraud on the London Stock Exchange.

Police said the Serious Crime Office alleged the massive swindle began in 2003 and involved the fraudulent sale of shares in a fictitious company which had assets totalling £370 million when it began trading on the LSE's AIM market in 2005.

The arrests were made in Madrid, Alicante and Barcelona. Spanish National Radio reported that one of those arrested was an agent for Mossad - the Israeli intelligence service.

More details here: [link to uk.news.yahoo.com]

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