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Subsidiary shedding:The expanded investigation is thought to be concentrating on ‘potential corporate offending’ by GVC Holdings with regards to its Turkish business, which it offloaded to former IT supplier Ropso Malta in December of 2017 shortly before buying Ladbrokes Coral Group for ￡3.According to a Tuesday report from The Guardian newspaper, the initial probe from Her Majesty’s Revenue and Customs (HMRC) was launched earlier this month shortly after the London-listed firm had detailed that Kenneth Alexander would be stepping down as its Chief Executive Officer following some 13 years at the helm.Considerable consequences:GVC Holdings was left surprised by the request for additional information and declared that it was ‘disappointed by the lack of clarity provided by HMRC as to the scope of its investigation’....

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The Isle of Man-based firm purportedly decided to get rid of this subordinate due to the risks associated with operating in a country where online gaming is effectively a black-market activity.J.uk, has now been unexpectedly asked to provide more information to HMRC under the precepts of the Bribery Act of 2010, which has sections that relate to failures by British commercial organizations to prevent bribery in territories where they are doing business....

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