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The Latest Breaking News from Sanjeev Gupta

Liberty Steel being investigated in Romania for embezzlement

Metals firm denies allegations as more problems emerge for founder Sanjeev Gupta after loss of key UK operation

The Guardian - UK

‘Every option’ to keep steel-making in Yorkshire being pursued after insolvency

Industry minister Sarah Jones said she ‘very much believes’ that steelworks have a future in South Yorkshire and the West Midlands.

Evening Standard

‘Hopelessly insolvent’: how ‘saviour of steel’ Sanjeev Gupta’s global empire unravelled

This week’s collapse of the tycoon’s Yorkshire operations brought relief for some. It echoes insolvency steps at 15 of his companies

The Guardian - UK

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Government to cover pay and pensions at collapsed South Yorkshire steelworks

Unions receive assurances after state takes control of Liberty Steel plants that were put into administration

The Guardian - UK

Government takes over Liberty Steel’s South Yorkshire plants to protect 1,450 jobs

Court ends Sanjeev Gupta’s control of UK’s third-largest steelworks as ministers seek to save 1,450 jobs

The Guardian - UK

Ministers line up plan to run Liberty Steel’s South Yorkshire plants in administration

Court is shown proposal to secure operations of SSUK, which employs 1,450 people

The Guardian - UK

Sanjeev Gupta readies last-ditch plan to save UK speciality arm of Liberty Steel

Attempt to secure pre-pack administration deal comes as government officials step up planning for its collapse

The Guardian - UK

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HMRC files winding-up petition against Sanjeev Gupta’s Liberty Steel pipes business

Hartlepool company says it has settled all payments but court filing is sign of pressure on tycoon’s empire

The Guardian - UK

Global consortium led by Australia’s BlueScope weighs takeover of embattled Whyalla steelworks

South Australian premier says more than 15 national and international parties have passed final EOI phase

The Guardian - AU

UK government considers rescue package for second major steel plant this year

Exclusive: Speciality Steel UK, which employs 1,450 people in South Yorkshire, could be supported if it enters administration

The Guardian - UK

Credit Suisse was ‘warned’ about Greensill three years before firm collapsed

Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator

The Guardian - UK

Liberty Steel’s South Yorkshire operations lost £340m in four years

Exclusive: court documents lay bare crisis at Sanjeev Gupta’s steelworks as it struggles to find buyers in face of looming liquidation

The Guardian - UK

Liberty Steel has not produced anything at two key plants since July 2024

Lack of work at Rotherham and Motherwell sites highlights financial crisis at UK’s third-biggest steel producer

The Guardian - UK

Major industrial employer scales back amid tariffs

A major Australian manganese alloy smelter has scaled back production, citing global supply chain issues and US tariffs, and is encouraging staff to take leave.

AAP

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The Guardian - UK

PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank

FRC severely reprimands accountancy group and one of its former main auditors after ‘serious failings’ in 2019

The Guardian - AU

The ‘scary’ state of Whyalla steelworks’ bank balance revealed by administrators

Scathing assessment shows operation was losing $1.5m a day, running low of critical materials and owed creditors more than $1.3bn

The Guardian - AU

Morning Mail: Vance calls immigration ‘greatest threat’, public school fees surge, Rubiales found guilty over kiss

US vice-president warns of danger of allowing in ‘unvetted foreign migrants’

AAP

Nation grinds to a halt without steel, industry warns

Rescuing Whyalla's steelworks is essential to maintain sovereign steel capability - vital to the economy and national security, the industry peak body says.

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The Guardian - AU

Sanjeev Gupta was once seen as Whyalla’s ‘saviour of steel’. Seven years later, he may walk away

Government intervention has placed the plant in administration, stripping the magnate’s GFG Alliance of control. Will he fight back?

The Guardian - AU

What went wrong at Whyalla steelworks and will it end with SA government in legal fight with UK billionaire?

Issues between GFG, Sanjeev Gupta and SA government grumbled along for years, before dramatic events forced company into administration

The Conversation

With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry

Whyalla is a proud steel town. The steelworks physically dominates the townscape, and most jobs in the town are either directly at the steelworks or heavily reliant on it.

AAP

Taxpayers to the rescue of Aussie steel

Safeguarding sovereign steel production is a key factor in a $2.4 billion government package to keep a major steelworks running while a new owner is found.

AAP

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

AAP

Billionaire to sell coal mine to prop up steelworks

Proceeds from a coal mine sale will be used to pump cash into the troubled Whyalla steelworks in a major debt deal.

AAP

Troubled steelworks in refinance bid as pressure mounts

Whyalla's steelworks are "vigorously finalising new financing", as a premier intensifies pressure on its owners to pay tens of millions of dollars of debt.

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