GFG Alliance Faces Further UK Probes Into Accounting

By Najiyya Budaly (May 4, 2022, 12:20 PM BST) -- Britain's accounting watchdog said on Wednesday that it is investigating the audits of four subsidiaries of the group of companies owned by Sanjeev Gupta, broadening regulatory scrutiny of the metals tycoon's financial dealings.

The watchdog said it has opened a probe into audits by King and King of the financial statements of Liberty Speciality Steels and three other GFG subsidiaries. (PAUL ELLIS/AFP via Getty Images) The Financial Reporting Council said it has opened an investigation into statutory audits by King and King of the financial statements of Liberty Speciality Steels Ltd., Alvance British Aluminium Ltd. and Liberty Steel Newport Ltd. for...

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