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GFG Alliance

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  • Tuesday, 10 May, 2022
    Sanjeev Gupta fights to prop up GFG Alliance in twin legal battles

    Metals tycoon appears in Liège as a London court begins preliminary hearing into winding-up petition

  • Monday, 9 May, 2022
    FT CollectionsGreensill Capital
    Gupta’s GFG faces insolvency hearing after Credit Suisse ends settlement talks

    Metals group had borrowed $1.3bn from Swiss bank’s clients to finance sprawling empire

  • Wednesday, 4 May, 2022
    Sanjeev Gupta
    King & King’s audits of Sanjeev Gupta companies probed by UK regulator

    FRC investigates four audits by little-known firm used by metals magnate

  • Wednesday, 4 May, 2022
    Sanjeev Gupta’s GFG shifted funds from steelworks to try to settle debt

    Attempted payment by industrialist’s empire now at centre of legal battle with US buyout group American Industrial Partners

  • Wednesday, 27 April, 2022
    FT CollectionsGreensill Capital
    UK fraud agency intensifies probe into Sanjeev Gupta’s GFG Alliance

    SFO request documents and interview staff as part of continuing criminal investigation

  • Tuesday, 26 April, 2022
    Sanjeev Gupta
    French police raid Sanjeev Gupta-linked businesses in money laundering probe

    Metalworks in Dunkirk among sites visited as part of investigation

  • Friday, 8 April, 2022
    Press freedom
    Fee, Fi, FOI, fum: the tale of the FT’s inquiry into a Gupta guarantee

    Access denied.

  • Thursday, 17 February, 2022
    Sanjeev Gupta
    GFG routed transactions through Sanjeev Gupta’s Romanian bank

    Metals magnate used BRCI for payments including carbon credits sale that prompted outcry from Czech politicians

  • Friday, 11 February, 2022
    GFG disputes it offered only £500 a month towards unpaid £20mn tax bill

    Owner of UK steel assets says true figure was £500,000, after tax authority filed petitions to wind up four of its businesses

  • Thursday, 10 February, 2022
    Sanjeev Gupta
    HMRC seeks to shut down Sanjeev Gupta businesses over £26mn tax bill

    Winding up of metals tycoons’ companies will put more than 2,000 jobs at risk

  • Thursday, 10 February, 2022
    UK accounting regulator to probe auditor of Sanjeev Gupta’s Liberty Commodities

    HW Fisher has been auditing metals trading business since the late 1990s

  • Thursday, 27 January, 2022
    Greensill Capital
    Nadhim Zahawi was ‘instrumental’ in securing Greensill loans approval, said Gupta

    Metals magnate thanked Tory minister for support over loans now subject to fraud investigation

  • Friday, 17 December, 2021
    FT CollectionsGreensill Capital
    Scottish government raises provision on Gupta guarantee to £161m

    Higher security package underlines risks from controversial £586m taxpayer-backed guarantee given to industrialist

  • Saturday, 20 November, 2021
    Greensill Capital
    British Business Bank’s due diligence on Greensill ‘woefully inadequate’, says report

    UK parliamentary committee claims state-backed lender took information from now-collapsed finance firm at ‘face value’

  • Wednesday, 17 November, 2021
    Scottish government guarantee to Sanjeev Gupta was £586m

    Exact figure disclosed after near two-year freedom of information battle

  • Sunday, 7 November, 2021
    FT CollectionsGreensill Capital
    French prosecutors investigate Sanjeev Gupta’s business empire

    UK metals magnate’s operations probed over allegations of ‘misuse of corporate assets’ and ‘money laundering’

  • Friday, 5 November, 2021
    Sanjeev Gupta
    MPs question Sanjeev Gupta’s stewardship of Liberty Steel

    UK business select committee identifies ‘series of audit and corporate governance red flags’

  • Sunday, 10 October, 2021
    Gupta to inject £50m into UK steel plants after Australia restructuring

    Metals tycoon’s lifeline offers hope to 3,000 workers in Britain

  • Tuesday, 5 October, 2021
    FT CollectionsGreensill Capital
    Sanjeev Gupta vows legal action over ‘predatory’ seizure of aluminium smelter

    French union ‘disillusioned’ with GFG but nervous about new private equity owner

  • Friday, 1 October, 2021
    FT CollectionsGreensill Capital
    Gupta parties as GFG’s problems pile up

    Embattled metals magnate celebrates his birthday in lavish style while his business faces an uncertain future

  • Friday, 1 October, 2021
    FT CollectionsGreensill Capital
    Sanjeev Gupta fights for control of Europe’s largest aluminium smelter

    US private equity firm AIP claims to have acquired French asset, thwarting Glencore-led bailout

  • Friday, 24 September, 2021
    FT CollectionsGreensill Capital
    GFG’s timetable slips for refinancing $5bn of Greensill debt

    Cooling commodity markets threaten Sanjeev Gupta’s battle to preserve his sprawling metals conglomerate

  • Monday, 20 September, 2021
    FT CollectionsGreensill Capital
    Credit Suisse charges investors to prop up Greensill Capital

    Clients facing billions in losses are furious but Swiss bank cites need to keep collapsed company ticking over to recoup funds

  • Monday, 23 August, 2021
    FT CollectionsGreensill Capital
    Sanjeev Gupta’s GFG in talks with White Oak over European operations

    US group has already stepped in with financing for metals group’s Australian arm

  • Saturday, 31 July, 2021
    FT CollectionsGreensill Capital
    Jay Hambro, the ‘ultimate salesman’ behind Sanjeev Gupta’s GFG

    Metal magnate’s deeply connected right-hand man opened doors to politicians and global banks

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