Accounting watchdog launches probe into Greensill and Gupta auditors

As well as being owned by Gupta, Wyelands lent substantial amounts of money to companies connected to the 50-year-old businessman.
The latest FRC probes come as regulators' nets close in on Gupta, his business associate Lex Greensill, and the web of firms connected to them.
The SFO confirmed earlier this year that it was 'investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct' of Gupta's business network the GFG Alliance, of which Liberty Steel UK is a part.
Greensill Capital, founded by Australian banker Greensill, was a major lender to Gupta's empire but collapsed earlier this year after several insurers withdrew their cover for the loans.

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