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UK watchdog probes audits of Gupta-founded metal companies

05/04/2022

Less than a minute

2022.05.04 09:36

UK watchdog probes audits of Gupta-founded metal companies
FILE PHOTO: Steel tycoon Sanjeev Gupta arrives at the Department for Business, Innovation and Skills in London, Britain in this April 5, 2016 file photo. REUTERS/Stefan Wermuth

LONDON (Reuters) – Britain’s accounting watchdog said on Wednesday it has opened four investigations into audits by King & King of steel and aluminium companies founded by metals tycoon Sanjeev Gupta.

The Financial Reporting Council said the investigations are into the financial statements of Liberty Speciality Steels Limited, Alvance British Aluminium Limited, Liberty Steel Newport Limited, and Liberty Performance Steels Limited.

05/04/2022

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