Accountancy

Audit watchdog launches probes over Gupta-linked audits

Audits of Sanjeev Gupta-linked companies probed by watchdog

Probes have been launched into audits of four companies founded by Sanjeev Gupta
Probes have been launched into audits of four companies founded by Sanjeev Gupta Photo: Denis Charlet/Getty Images

The UK’s audit regulator has launched probes into the audits by London accountants King & King of four companies founded by metals tycoon Sanjeev Gupta.

The Financial Reporting Council said it was investigating King & King’s audits of Liberty Speciality Steels Limited for the year ended 31 March 2019, Alvance British Aluminium for the year ended 31 March 2019, Liberty Steel Newport Limited for the year ended 31 March 2019, and Liberty Performance Steels Limited for the year ended 31 March 2020.

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