Author: Syedur Rahman 19 May 2021
The Serious Fraud Office’s (SFO’s) investigation into suspected fraud, fraudulent trading and money laundering relating to the Gupta Family Group Alliance (GFG) attracted headlines, partly due to links with Greensill Capital.
Rahman Ravelli’s Syed Rahman was asked for his assessment of the situation by Thomson Reuters’ Regulatory Intelligence. He explained that if fraud is established, it is likely that money laundering will also be identified.
Syed said that size of the business will mean that a “complex web’’ of dealings will have to be examined, as will any refinancing deals that exist.
He emphasised that one of the major questions that needs an answer is what prompted the SFO to suspect that there may have been criminal activity. Syed also said it would be interesting to find out whether the SFO’s announcement into GFG was in any way influenced by the adverse publicity surrounding Greensill’s collapse.
Syed's comments featured in Thomson Reuters Regulatory Intelligence. (Subscription required)
Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, international arbitration, civil recovery, cryptocurrency and high-stakes commercial disputes.