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Investor fury as Royal Mail float fails to deliver

A GOVERNMENT investigation into fraudulent bids for Royal Mail shares was launched last week after it emerged that some investors made applications on behalf of non-existent children.

It is one of a series of problems faced by investors, who vented their frustration at the way the flotation was managed.

Thousands were not able to sell their shares on the first official day of trading, while others received misleading guidelines about how shares would be allocated. Some complained that they did not know when they would receive refunds for money that was not allocated during the initial share offer.

Read more: Investor fury as Royal Mail float fails to deliver | The Sunday Times.