The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of companies within Gupta’s network.
Sanjeev Gupta, whose company GFG Alliance is under the cloud of a fraud and money-laundering investigation, has returned to the UK 2½ years since the probe began.
Any move to interview would be an escalation of the probe, nearly 18 months after the SFO sent investigators to GFG’s offices to demand company balance sheets, annual reports and correspondence related to the case. The probes followed revelations surrounding Liberty House Group. Four banks stopped working with the company, starting in 2016, after they became concerned about what they perceived to be problems in paperwork provided by Liberty, Bloomberg News reported.