[HamsterWheel]

I suspect that what Alex will tell us about the City of London police is something like this :
They've confirmed they've got it, but have far too many cases of international fraud involving substantial amounts of money being stolen etc to devote any meaningful resources to a case where no-one appears to have lost any money or suffered any real harm.
They are stretched, I had dealings with the Serious Fraud Office about 10 years ago and at that point they could not allocate any personnel to crimes where less than £1m had been purloined. I suspect things have not improved in that time and that your case will be just chucked on a pile and left to gather dust.
Personally i think that is the approach they should take. I know I will be in the minority here !
Far happier for the police who's salaries I pay through my taxes to concentrate on real crime.
Phorm should be left to get on with its business and make sure that whatever it rolls out finally is compliant with whatever laws it thinks it needs to comply with, and with the tacit agreement of the authorities.

---------- Post added at 13:25 ---------- Previous post was at 13:23 ----------

PS on the Mr Ertugrul's sister thing. This was discussed on another site months ago and I believe it was established that she was a journo, but not at the FT. So rather ungentlemanly to have a pop (however disguised) at her.