Media playback is unsupported on your device

Wales regeneration fund suspended for investigations

The Welsh government has suspended the Regeneration Investment Fund for Wales.

Two investigations are also underway into the sale of land in Wales worth tens of millions of pounds to a company based in Guernsey.

The fund was already the subject of an inquiry into the sale of publicly-owned land worth more than £20m.

BBC Wales business correspondent Nick Servini reports.

Investment fund on hold during probe

  • 08 Feb 2013