Crisis at Gupta’s metals empire triggers halt to £10m state-funded tech trial Trials of software to improve efficiency were to take place at two of his plants However, Gupta’s Liberty Steel last week put seven UK plants up for sale By Alex Lawson For The Mail On Sunday Published: 22:16 BST, 29 May 2021 | … Read more
The troubled metals tycoon, who is being investigated by the Serious Fraud Office, wants to get rid of the giant speciality steel plant in Stocksbridge, South Yorkshire, which employs 762.
Steel tycoon Sanjeev Gupta boasted he had been ‘inundated’ with refinancing offers just hours before fraud probe into his ailing metals empire was launched By Alex Lawson And Emma Dunkley, Financial Mail On Sunday Published: 21:50 BST, 15 May 2021 | Updated: 21:50 BST, 15 May 2021 Steel tycoon Sanjeev Gupta boasted that he had … Read more
ALEX BRUMMER: What is remarkable about Greensill-Gupta scandal is how little attention was paid by Cameron and regulators to warnings flashing red By Alex Brummer for the Daily Mail Published: 21:50 BST, 14 May 2021 | Updated: 22:14 BST, 14 May 2021 Anyone tuning into David Cameron’s less than riveting testimony before the Treasury Select … Read more
ALEX BRUMMER: What is remarkable about Greensill-Gupta scandal is how little attention was paid by Cameron and regulators to warnings flashing red By Alex Brummer for the Daily Mail Published: 21:50 BST, 14 May 2021 | Updated: 22:14 BST, 14 May 2021 Anyone tuning into David Cameron’s less than riveting testimony before the Treasury Select … Read more
The British steel industry was plunged deeper into crisis after the launch of a fraud investigation into Sanjeev Gupta’s GFG Alliance. The Serious Fraud Office (SFO) said it was scrutinising suspected ‘fraud, fraudulent trading and money laundering’ at companies in the GFG group. This, the SFO said, includes ‘its financing arrangements with Greensill Capital UK’. … Read more
Gupta pulls funding for Wyelands Bank as his empire teeters on the brink of collapse By Lucy White For The Daily Mail Published: 22:00 BST, 13 May 2021 | Updated: 22:00 BST, 13 May 2021 Sanjeev Gupta has pulled the plug on his UK bank as his empire teeters on the brink of collapse. The … Read more
Gupta’s Liberty Steel in talks over £200m lifeline to save its 12 UK steel plants and safeguard 3,000 jobs By Francesca Washtell For The Daily Mail Published: 22:35 BST, 6 May 2021 | Updated: 23:13 BST, 6 May 2021 Liberty Steel is in talks to secure a £200million cash lifeline that could keep its 12 … Read more
Gupta signals break up of steel empire: Crisis sparks fresh fears for 3,000 jobs at plants across the UK By Francesca Washtell For The Daily Mail Published: 21:50 BST, 5 May 2021 | Updated: 21:50 BST, 5 May 2021 Sanjeev Gupta has signalled the break-up of his steel empire in a move that throws Britain’s … Read more
Workers at Britain’s most advanced steelworks are hoping against hope that owner Sanjeev Gupta can keep their site going as he battles to obtain funding after the collapse of lender Greensill Capital. The future of the giant plant in Stocksbridge, in South Yorkshire – which makes specialist steel for use in aviation, aerospace, defence and … Read more