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Midweek Roundup: UK Government Loans Benefited Gupta Family, South Korea Seizes Cryptocurrency from Tax Evaders, and More

Documents obtained by the Financial Times show that all government-backed loans issued by Greensill Capital, a financial services company that declared bankruptcy in March, benefited Sanjeev Gupta, whose metals conglomerate, GFG Alliance, is under investigation by the Serious Fraud Office on suspicion of fraud and money laundering. More The Gupta family allegedly moved $350 million out of South Africa through a network that has previously served al-Qaida and Colombian drug cartels, the Daily Maverick reported. More South Korean authorities have seized $47 million of Bitcoin, Ethereum and other cryptocurrency from 12,000 suspected tax evaders, the Financial Times reported. More U.S. prosecutors will seek...

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