Auditors have raised a red flag over a tidal energy company backed by Sanjeev Gupta. EY issued a rare “disclaimer of opinion” over the latest accounts of Atlantis Resources (Scotland), noting financial uncertainties. The Edinburgh-based company is a subsidiary of Aim-listed Simec Atlantis Energy, which is behind projects including the MeyGen tidal power project in Scotland. Simec Atlantis Energy’s 41pc shareholder Simec UK Energy Holdings is part of Gupta’s GFG Alliance, which is under investigation by the Serious Fraud Office.
Telegraph 10th Oct 2021 read more »