UK fraud agency probes tycoon Sanjeev Gupta's GFG over Greensill

The UK's Serious Fraud Office (SFO) has said that it is investigating suspected fraudulent trading and money laundering related to the business conduct of companies within metals tycoon Sanjeev Gupta's GFG Alliance. The probe also includes GFG's financing arrangements with its lender Greensill Capital UK, which collapsed in March. GFG said it would co-operate fully with the SFO probe.