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The near-collapse of Liberty, which has sent shockwaves through Britain s steel industry, came after its major lender Greensill tumbled into administration in March. Gupta, 50, is being investigated by the SFO over suspected fraud, fraudulent trading and money laundering and GFG s financing arrangements with Greensill. The planned sale of various Liberty plants came after representatives from Credit Suisse, which is owed millions of pounds by GFG through Greensill, met with Gupta in Dubai where he has holed up during the pandemic. In tense talks throughout the weekend, Credit Suisse and Gupta (pictured) made significant progress in agreeing a deal to get the bank and its clients their money back. ....
Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Steel tycoon Sanjeev Gupta owes an estimated £4 billion to stricken Australian finance house Greensill and some of the world’s biggest lenders.Analysis of the industrialist’s spending and borrowing ....