The UK’s Serious Fraud Office (SFO) has admitted it is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with collapsed financial services company, Greensill Capital UK Ltd.

As this is a live investigation, the SFO can provide no further comment, but it is widely believed to have been watching Sanjeev Gupta’s diversified business empire for the last year.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!