Sanjeev Gupta’s GFG Alliance faces scrutiny from UK’s Serious Fraud Office
Stuart Burns , 18 May 2021
The UK’s Serious Fraud Office (SFO) has gone public investigating charges that Sanjeev Gupta’s GFG Alliance (Gupta Family Group Alliance) holding company and subsidiaries, such as Liberty Steel, has been involved in fraud, fraudulent trading and money laundering.
As such, that has almost certainly put the end to refinancing efforts, at least for parts of the group in the UK. Continue reading “Article: Sanjeev Gupta’s GFG Alliance faces scrutiny from UK’s Serious Fraud Office”
GFG Alliance: Fraud investigation now looms
Brian Taylor, 17 May 2021
An investigation being undertaken by the Serious Fraud Office (SFO) of the government of the United Kingdom may shed light on to what extent metals producer the GFG Alliance has been affected by the former Greensill Capital, or to what extent the two firms worked in tandem to create financial irregularities.
According to online reports from The Guardian and other U.K.-based media, the announcement by the SFO that it was looking into GFG “immediately caused the collapse of a rescue deal for Liberty Steel and raised fears over thousands of British jobs.” Continue reading “Article: GFG Alliance: Fraud investigation now looms”