Sanjeev Gupta bails out of ailing Wyelands Bank Save Share Wyelands had already been instructed by the UKâs Prudential Regulation Authority to repay all its depositors, but the bank on Thursday revealed it has now told its borrowers to look elsewhere for finance as well. Sanjeev Gupta is racing to refinance up to $6 billion across his global empire. Bloomberg The bank disclosed in a statement that it had been winding down its balance sheet since March last year following âdeterioration in its lending bookâ. Wyelandsâ board would now either complete the wind-up of the bank âon a solvent basisâ or find a new investor to buy out Mr Gupta, according to the statement.