The future of 5,000 British industrial jobs have been plunged into uncertainty after the Serious Fraud Office announced that it has begun an investigation into the empire of the metals magnate Sanjeev Gupta.
The investigation is sure to draw in the role of the former prime minister David Cameron as an adviser to Gupta’s discredited financier Lex Greensill.
In a statement, the SFO said: “The SFO 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 Greensill Capital UK Ltd.”
GFG and its Liberty Steel arm has been teetering on the brink of collapse after the failure of Greensill Capital earlier this
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2021-05-14 10:15:00Z
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