The Serious Fraud Office is investigating Auckland property developer Leonard Ross and the outcome will determine whether apartment owners in one of his projects will pursue their own legal claim against him.

The white-collar crime investigator is conducting a part two investigation into Ross, though a spokeswoman declined to provide more detail. A part two investigation means the SFO has reasonable grounds to believe an offence has been committed, and grants the director the ability to compel attendance to interviews. The probe…