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SFO launches money laundering probe into Gupta family over ties to Greensill Capital


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. ....

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David Cameron was paid 'generous amounts' by failed Greensill Capital : CityAM


David Cameron says he was paid generous amounts by failed Greensill Capital
LONDON, ENGLAND - MAY 13: Former Prime Minister David Cameron leaves his home to give evidence to a select committee on Greensill, on May 13, 2021 in London, England. (Photo by Leon Neal/Getty Images)
David Cameron has told MPs today that he was paid a “generous amount” by failed Greensill Capital and that he did not think the firm was in trouble when he lobbied a slew of ministers and officials on behalf of the firm.
Cameron told Westminster’s Treasury Select Committee that his almost 60 emails, texts and Whatsapp messages to figures like Rishi Sunak to curry favour for Greensill’s application to an emergency funding scheme was not because the firm was in danger of going bust. ....

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