Source · Select Committees · Business and Trade Committee
Recommendation 3
3
Paragraph: 44
We were not reassured by the evidence presented by King & King and note the...
Conclusion
We were not reassured by the evidence presented by King & King and note the legal restrictions placed upon Mr Patel, and other auditors who had previously audited GFG Alliance companies, by Sanjeev Gupta.
Paragraph Reference:
44
Government Response
Accepted
HM Government
Accepted
3. Complex corporate structures exist for a variety of reasons, and the government does not wish to restrict the ability of businesses to structure themselves appropriately. However, the government agrees that those structures should not be a legal barrier to proper scrutiny of companies such as the GFG Alliance.