Sanjeev Gupta’s auditor quit over ‘lack of information’

King & King cites concerns over whether metals businesses could remain solvent

The tiny audit firm responsible for signing off the accounts of several of Sanjeev Gupta's metals companies has said it quit because it could not obtain enough information about a fraud investigation or whether they had enough cash to survive.

King & King said there was a lack of sufficient information and evidence" on several issues and raised concerns over whether the businesses could remain solvent, according to near-identical letters filed to the UK's companies register for five separate companies controlled by Gupta.