Regeneration body 'did nothing wrong'
A former board member of a regeneration fund has spoken of his relief after police confirmed they are not going to carry out a criminal investigation.
Chris Holley insisted the Regeneration Investment Fund for Wales (RIFW) had "done nothing wrong".
The public spending watchdog is investigating the fund and due to publish its findings in the autumn.
Concerns were raised after it emerged the fund sold 16 sites privately rather than by public auction.
BBC Wales political editor Nick Servini reports
26 Jun 2014