Cardiff-based M&A Solicitors has suspended two partners after they were arrested as part of a Serious Fraud Office (SFO) investigation.
M&A partners Alan Whiteley and Eric Evans have been suspended with immediate effect. Whiteley set up M&A alongside Stephen Berry in 1999, after the pair left Eversheds.
The SFO confirmed it had arrested five people in connection with its investigation into the sale of South Wales mining sites, although it did not name any of the parties involved.
The firm posted a notice on its website stating that it had “acted diligently by referring matters to the authorities”. It added: “The Serious Fraud Office’s investigation follows on from our referral.”
M&A said it was co-operating with the investigation, but could not comment any further while the case is ongoing.
Based near the Welsh Assembly in Cardiff Bay, M&A has 12 partners and 60 staff.