The Metropolitan Po

lice have arrested another two people in connection with the Nouveau World Wines fraud investigation.

A 40-year-old woman and a 53-year-old man were arrested, as part of 'Operation Iceman', on suspicion of money laundering and have been bailed until October.

This follows the previous six arrests made on 4th March in connection into Nouveau World Wines Ltd, an alleged £3 million fraud involving Australian wine sold as an investment.

Although the wines existed, it is alleged that Nouveau World Wines Ltd did not purchase any.

It is understood that Operation Iceman has been extended to include Finbow Fine Wines Ltd.

Finbow offered investors deals on cheap Italian wine that it claimed could be sold at a substantial profit in China and other Asian markets.