Inquiry involves Saffery Champness and PwC’s audit of the Sanjeev Gupta-owned Wyelands Bank
Britain’s accounting watchdog has opened investigations into PwC and a smaller rival over audits conducted for Greensill Capital UK and the bank owned by one of its largest borrowers, the metals magnate Sanjeev Gupta.
The Financial Reporting Council’s (FRC) investigations – launched on 15 June but only made public on Monday – add to a growing list of investigations linked to Greensill and its customers, after it fell into administration in March this year.
