ON NOVEMBER 22 we wrote that Michael Cowan, 51, from Peacehaven, had been arrested for fraud and money laundering in connection with an alleged £10m film investment fraud involving 500 potential victims. This was incorrect, Mr Cowan has not been arrested.
Mr Cowan has been interviewed under caution in connection with the case, and released pending further investigation.
The case also involves his long-time business partner Mr Steven Wilkinson of Alfriston, who has been arrested. We apologise to Mr Cowan for the inaccuracy.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here