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PwC faces Greensill-related probe of Wyelands Bank by UK audit watchdog

( June 28, 2021, 08:42 GMT | Official Statement) -- MLex Summary: Big Four auditor PwC is facing an investigation led by the UK's Financial Reporting Council, over its audit of Wyelands Bank in 2019. The bank is owned by Sanjeev Gupta's GFG Alliance, which was financially backed by Greensill Capital, which collapsed in March this year. Greensill is the subject of numerous inquiries by UK lawmakers over its complex structure, entangled exposures and access to senior government figures, including former prime minister David Cameron, who was the company's adviser.Statement follows....

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