SFO Shelves Probes Into Watchstone Group, Tata Steel

By By Lucia Osborne-Crowley and Richard Crump (October 14, 2021, 1:08 PM BST) -- The Serious Fraud Office has closed three investigations in the past two days, including long-running probes into insurance and technology provider Watchstone and a company owned by Indian Indian-British steel magnate Sanjeev Gupta's GFG Alliance.

Watchstone has told the London Stock Exchange that the Serious Fraud Office has dropped its four-year investigation into the business, formerly known as Quindell, and its subsidiaries. (SFO) The agency said on Thursday that it has ended its six-year investigation into Speciality Steels, which Tata Steel sold to GFG in 2017, without bringing any charges because the case had not met its test for being in the...

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