The Parisian office of Sanjeev Gupta's GFG Alliance - and a metal works it formerly owned - has been raided by the French police, as part of a criminal probe into the metal magnate's empire.
The prosecutor's office in Paris last year launched an investigation into the French operations of GFG, over allegations of "money laundering" and "misuse of corporate assets".
It follows the UK's Serious Fraud Office launching an investigation in a separate, but similar, probe.