Audit firm to Gupta metals empire fined and banned for ‘egregious’ failures
The UK's Financial Reporting Council has fined and banned audit firm King & King for 'egregious' failures linked to audits of Sanjeev Gupta’s GFG Alliance from 2018 to 2020. The firm and its partner Milankumar Patel were penalized £378,184 for not identifying clear self-interest, prompting new regulatory measures on audit revenue limits. GFG is under investigation for serious financial misconduct.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 23 Jun 2026, 13:07 UTC · Updated 23 Jun 2026, 13:30 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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