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Gupta Lost Ostrava and Is Now Fighting for Survival in the UK. Is the End of His Entire Steel Group Imminent?
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British-Indian businessman Sanjiv Gupta is known in the Czech Republic mainly as the owner of a steel mill in Ostrava, which he led to bankruptcy last year. He was left with debts of more than 10 billion crowns, and just over two thousand people out of the original 6,500 have so far kept their jobs. The business of Gupta's Liberty Steel group, which...
Nicky “no mates” Sturgeon agreed a murky deal with controversial steel GFG Alliance tycoon Sanjeev Gupta – so where is our £600 million ? the Serious Fraud Office (SFO) is investigating for suspected fraud, fraudulent trading and money laundering
The Scottish Government provided a guarantee of £586 million to Sanjeev Gupta’s company GFG Alliance as part of the company’s purchase of the Lochaber smelter. The figure was made public for the first time after a two-year transparency battle. The revelation surfaced after ministers were slapped on the wrist for withholding the information from the public, with opposition leaders labelling it a “dodgy deal” and claiming the SNP was “desperate to…
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