The U.K. Serious Fraud Office (SFO) has launched an investigation into suspected fraud and money laundering in financing arrangements between steel and mining magnate Sanjeev Gupta and recently collapsed Greensill Capital.

The SFO announced Friday that it is investigating ties between the Gupta Family Group Alliance (GFG), which is run by Sanjeev Gupta, and Greensill but offered no further details, noting the case is under investigation.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...