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    GFG Alliance

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    • Tuesday, 4 April, 2023
      Wyelands Bank PLC
      Gupta’s Wyelands Bank censured by BoE for regulatory failings

      Lender criticised for over-reliance on companies related to steel magnate’s now struggling empire

    • Monday, 27 March, 2023
      Liberty Steel Group Holdings UK Ltd.
      Gupta’s Liberty Steel thwarted as rival snaps up Aartee Bright Bar

      Bradford-based Barrett Steel buys distribution business and property interests, saving 173 jobs

    • Tuesday, 21 February, 2023
      Prateek Gupta
      Mauritian regulators examine bank in wake of Trafigura nickel fraud

      Silver Bank’s shareholder has ties to alleged fraudster Prateek Gupta

    • Tuesday, 14 February, 2023
      FT Alphaville
      How one Gupta accused of fraud knows another Gupta suspected of fraud

      The man behind Trafigura’s nickel fiasco has some interesting connections

    • Monday, 12 December, 2022
      Credit Suisse Group AG
      Credit Suisse accepted suspicious invoices for $140mn Greensill loan

      Companies listed on bills tell the FT they did not do the stated business

    • Monday, 5 December, 2022
      Court ruling paves way for sale of Gupta’s Belgian steel plants

      Approval for judicial restructuring in which buyer will be sought for the two facilities

    • Monday, 14 November, 2022
      Sanjeev Gupta
      Sanjeev Gupta faces battle over control of Belgian steel plants

      Court to rule on whether to take control of two sites

    • Tuesday, 20 September, 2022
      FT CollectionsGreensill Capital
      Sanjeev Gupta’s auditor quit after lack of evidence to complete work

      King & King resigned after director rejected proposal to issue disclaimer saying there was ‘insufficient information’ for audits

    • Thursday, 15 September, 2022
      Auditor resigns from Sanjeev Gupta’s UK steel businesses

      King & King to leave role at two GFG companies after regulators launch investigations

    • Monday, 18 July, 2022
      Greensill Capital
      UK strips guarantee from £400mn of Greensill loans to Gupta-linked companies

      British Business Bank that administered emergency Covid lending scheme withdraws guarantee on loans to metals tycoon

    • Tuesday, 14 June, 2022
      Sanjeev Gupta
      American Industrial Partners seizes control of Sanjeev Gupta’s Belgian plant

      Move by US buyout group dismantles industrialist’s continental operations

    • Monday, 13 June, 2022
      Liberty Steel Group Holdings UK Ltd.
      Sanjeev Gupta’s Liberty Steel wins breathing space on refinancing debt

      Gupta group reaches standstill deal with largest creditor Greensill Bank that could run until end of year

    • Wednesday, 8 June, 2022
      Sanjeev Gupta
      UK steel jobs at risk as judge rules GFG winding-up bid can proceed

      Citigroup is seeking to shut down Sanjeev Gupta metals companies over unpaid debts

    • 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

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