Sanjeev Gupta’s metals group is to launch an independent investigation after web domains resembling those of commodities trading firms were reportedly registered to a Gupta company email address. One of the companies affected has sent Gupta’s GFG Alliance a cease and desist letter and demanded an explanation for why the web domains existed, after the Financial Times reported their existence. […] ‘Battle-hardened’ Whyalla waits for what comes next after Greensill collapse Read more He said Concord sent a cease and desist letter “because we are an independent, global metals and minerals merchant that has no links to GFG Alliance or its various subsidiaries. As part of our formal notice to GFG Group and Liberty we have reminded them of our trademarks and that we consider it at a minimum inappropriate. Our investigation is ongoing.” It adds to the questions facing Gupta and GFG after the company acknowledged that some of its borrowing from Greensill was lent against notional invoices for income from potential customers. […] Greensill, founded by Australian banker Lex Greensill, had lent as much as $5bn (£3.6bn) to GFG companies by the time of its collapse.
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