GFG Faces French Criminal Probe Amid Fraud Scandal

By Bonnie Eslinger (November 8, 2021, 7:05 PM GMT) -- A global business controlled by British metal mogul Sanjeev Gupta is being investigated by France's anti-corruption office for alleged misuse of corporate assets and money laundering, according to the Paris Prosecutor's Office.

The probe concerns various operations within GFG Alliance, which is owned by Gupta, and began in July, a spokesperson for the prosecutor's office said Monday.

A GFG Alliance spokesperson told Law360 that the company is "not aware of any such investigation and refutes any suggestion of wrongdoing in its French operations."

News of the French investigation follows a scathing report from Parliament's business committee last week about Gupta's leadership...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!