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Segro unit's identity pulled into financial fraud scheme

Segro Plc subsidiary SELP Management Ltd. had its identity used in a financial scam, with the fraud perpetrator using the unit's name to front an entity focused on financial products and services.

According to a release from the British real estate investment trust, the fraudulent entity set up a website, which states that it is operating from an office on London's Regent Street. The fraudulent company also states that it was established in 2005 and provides "highly specialized portfolio management services" for its customers.

Segro added that its SELP Management unit does not have its own website and will not get in touch with individuals to offer them investment products. It also urged individuals who have been contacted by the fraudulent company to report such incidents to the Financial Conduct Authority of the U.K. or the police.

SELP Management is the venture adviser of SELP Finance Sarl, a Segro subsidiary that invests in prime logistics properties and development sites in continental Europe.

The REIT has already informed the police and the FCA of the fraud scam.