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Sanjeev Gupta’s plans to save his embattled industrial empire suffered a major setback as the U.K. opened a fraud investigation, prompting a potential financial partner to walk away. For two months, Gupta has been scrambling to refinance after the collapse of his group’s main lender, Greensill Capital, and recently looked close to winning a reprieve helped along by a surging commodity prices. But on Friday, the Serious Fraud Office announced a probe into Gupta’s GFG Alliance, including into the financing arrangements with Greensill. That prompted White Oak Global Advisors LLC which had recently offered a lifeline with terms for a 200 million-pound ($282 million) loan for Gupta’s U.K. steel business to walk away. White Oak was also behind funding for part of Gupta’s Australian assets, the Australian Financial Review has said.

South australiaSanjeev guptaLex greensillWyelands bankSerious fraud officeGupta liberty house groupWhite oak global advisorsGreensill capitalAustralian financial reviewWhite oakLiberty house groupBloomberg newsதெற்கு ஆஸ்திரேலியாசஞ்சீவ் குப்தாதீவிரமானது மோசடி அலுவலகம்குப்தா சுதந்திரம் வீடு குழு