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UK appeals court allows restart of major fraud case

Case originally dismissed because budget cuts raised doubts about fair trial

The UK's Financial Conduct Authority has been given the go-ahead by an appeals court Wednesday to restart a major fraud case that had been threatened by government cuts to legal aid funding for defendants.

The FCA charged five men in April 2013 with conspiring to defraud investors through three land banking companies that bought parcels of land and sold them on in sub-plots. The five defendants disputed the charges.

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