The investigation piles pressure on Gupta, who has been scrambling to refinance his web of businesses in steel, aluminium and energy after Greensill filed for insolvency in March.
GFG, which has 35,000 workers and annual revenues of $20 billion, said it will co-operate fully and would not comment further on the investigation.Gupta had been lauded as the saviour of steel in Britain as he bought distressed assets in economically-deprived areas. His group has 5,000 workers in Britain, including 3,000 in steel.
In its insolvency filing in March, Greensill said that GFG, which was its largest client, said in February it would "collapse into insolvency" if the supply chain finance firm stopped providing it with working capital.
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