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SFO probe into Auckland director

15:00 AEST Fri Feb 1 2013

The Serious Fraud Office is investigating an Auckland financial adviser over fears investors' funds may have been fraudulently used.

Andrew Hrothgar Robinson, a 39-year-old old former director of Auckland-based Strategic Planning Group Limited, had his licence to act as an authorised financial adviser cancelled by the Financial Markets Authority last month.

The FMA referred the matter to the SFO which has determined there are grounds to believe that fraud may have been committed in relation to investment funds received.

"We will continue to work closely with the FMA to ensure both agencies' resources are applied effectively in a co-ordinated and timely manner," acting SFO chief executive Simon McArley said.

The SFO wants to speak to investors with or through Mr Robinson who believe that their investments may have been affected.

The FMA is also still investigating Mr Robinson who stood down as a director of the company on December 23.