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The Financial Times has a story on an investigation by French authorities into allegations of “misuse of corporate assets” and “money laundering” by steel magnate Sanjeev Gupta’s business. The paper says the investigation into his company GFG Alliance began after “suspicious activities” were reported by public officials, but prosecutors’ refused to confirm the exact nature of the allegations. GFG denies any wrongdoing and told the FT it was not aware of any investigation.