SFO launches money laundering probe into Gupta family over ties to Greensill Capital
GFG Alliance said it will cooperate fully with the investigation.
The Serious Fraud Office (SFO) said this morning it is launching an investigation into the Gupta Family Group Alliance.
“The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with Greensill Capital UK Ltd.,” the watchdog said in a statement shared with
City A.M.
“As this is a live investigation, the SFO can provide no further comment,” it added.
Malabu: Anti-graft group threatens to sue Adoke over alleged defamation
HEDA claims that Mr Adoke s allegation that its chair, Mr Suraju, forged an email document tendered in a Milan court is defamatory.
An anti-corruption organisation,
Human and Environmental Development Agenda (HEDA), has given a former justice minister, Mohammed Adoke, two weeks to retract an allegation of forgery levelled against its chairman, Olanrewaju Suraju.
HEDA, in a statement signed by Mr Suraju, threatened to sue Mr Adoke in the United Kingdom should he fail to retract the forgery allegation.
The
threat comes on the heel of an earlier similar threat by the UK anti-corruption group, Corner House, which is HEDA’s partner in respect of the prosecution of Malabu scandal. The UK group threatened legal action in response to Mr Adoke’s petition to the police accusing Mr Suraju of forgery.
Aerospace & DefenseBombardier says U.S. joins investigation into Indonesian jet deals
Allison Lampert
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A logo of jet manufacturer Bombardier is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse
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The United States has joined an ongoing investigation into Bombardier s (BBDb.TO) sales of jets to Garuda Indonesia (GIAA.JK) a decade ago, the Canadian planemaker said on Thursday.
Bombardier said the U.S. Department of Justice had requested documents and information in February relating to the acquisition and lease of its CRJ1000 aircraft to the Indonesian airline between 2011 and 2012.
UK Ends Fraud Investigation Into Airbus Related Individuals
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The UK Serious Fraud Office (SFO) has quietly closed an investigation in individuals associated with European aircraft manufacturer Airbus. It finalizes a long-running investigation into fraud, bribery, and corruption allegations across the civil and military aviation businesses at Airbus.
The UK SFO has quietly ended an investigation into individuals associated with murky Airbus deals. Photo: Airbus
Airbus closes the door on ugly allegations
The SFO opened its investigation into Airbus in July 2016. Investigators zeroed in on irregularities involving third-party consultants across multiple jurisdictions. In the spotlight were deals done in Ghana, Malaysia, Taiwan, Indonesia, and Sri Lanka. Those third-party consultants allegedly bribed customers to buy Airbus aircraft.
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