Aug 6 (Reuters) - Shares in insurance claims processorQuindell slumped on their resumption of trading onThursday, after a suspension was lifted following publication ofresults in the company which is under investigation by Britain'santi-fraud watchdog.
The stock, listed on the junior Alternative InvestmentMarket, fell more than 40 percent, wiping off more than 200million pounds of its market value.
Britain's anti-fraud agency said on Wednesday it hadlaunched a criminal investigation into Quindell's business andaccounting practices, as the company posted a 238 million pounds ($372 million) loss for 2014.
The stock had been suspended on the company's request onJune 24 after Britain's financial watchdog said it had began aninvestigation into the company's public statements regarding itsfinancial accounts for 2013 and 2014.
However, its fall from grace began months before that, withquestions being raised about its revenue and profit model andits founder being ousted after a complicated share deal.
($1 = 0.6399 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing byDavid Holmes)