London’s Metropolitan Police is investigating legal firm Axiom Ince after it was alleged that client funds were used to acquire property and two law firms from insolvency, including Ince & Co.

Ince & Co was acquired from insolvency by Axiom DWFM in April this year.

The involvement of the police follows an investigation by the Solicitors Regulation Authority (SRA) which was alerted to a £64m ($78m) hole in Axiom’s client fund.