Sanjeev Gupta’s GFG Alliance could be in limbo for five years or longer waiting for the outcome of a British investigation into alleged fraud and money laundering and its financing arrangements with Greensill Capital.
The UK’s Serious Fraud Office on Friday announced an investigation into the financing and conduct of companies within the GFG empire, which has dozens of subsidiaries around the world, but the average length of the independent law enforcement agency’s investigation is four years and seven months, according to its website.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
