Move to investigate suspected fraud and money laundering prompts collapse of Liberty Steel rescue deal putting 3,000 UK jobs at risk
The Serious Fraud Office has launched an investigation into the financing of Sanjeev Gupta’s metals empire, including its links to Greensill Capital, in a move that immediately caused the collapse of a rescue deal for Liberty Steel and raised fears over thousands of British jobs.
The UK’s anti-corruption agency said it suspected fraud, fraudulent trading and money laundering related to the financing of Gupta Family Group Alliance (GFG), the loose grouping of steel and metals trading companies controlled by Gupta.
