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Sanjeev Gupta + Liberty House


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spygirl

And Sanjeev is still washing his hair in Dubai

Sanjeev Gupta has also been absent for several months from the U.K., where GFG owns numerous steel and aluminum plants and employs around 5,000 people. He said on recent podcasts for GFG employees that he left the U.K. for Dubai before Christmas, and hasn’t returned since.

“Dubai is the perfect location for me and my family to operate out of for now,” Gupta said on a April 16 podcast, citing the city’s time zone.

But he said that he was keen to be on the move again. “As soon as Covid travel restrictions in the U.K. and Australia and Europe are lifted I will definitely be trying to get in front of the customers and employees around the world.”

Id laugh it tuths out hes borrowed money from some UAE fund who decide to lock him in a dungeon.

 

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Let me clarify - Shareholders equity should go. ank debt should be restructured. Employment terms should be reduced. Directors loans and assets should be pursued relentlessly.

FT have started blocking comments on Gupta articles, which points to something criminal underway.  

Labour don't understand the basics of liquidation Labour: Save Liberty Steel before it goes bust - BBC News The entire point is you want to be organised enough that the firm goes bankrupt an

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spygirl

Back to intertwining con with Greensill

Invoices to ‘Friends of Sanjeev’ underpinned Greensill loans

Bulk of business at Gupta’s Liberty Commodities was from trades within the company or with close associates

https://www.ft.com/content/aca5f4d3-6ae1-46ce-8729-ce2f2d4ab9f7


The Financial Times revealed this month that some of the companies named on the paperwork deny doing business with Liberty, raising suspicions of fraud. Gupta said he refuted “any suggestion of wrongdoing”.

From Dubai ....

 

 

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spygirl

The tiny audit firm that signs off Sanjeev Gupta’s empire

Based over a row of shops, King & King audits more than 60 of the steel magnate’s companies

https://amp.ft.com/content/125d7319-70c5-4e50-b305-a2ed9ddc4474

King & King is not well-known in accounting circles. Asked about the firm, two senior auditors at large UK challenger firms gave exactly the same response: “I’ve never heard of them.”

In the meantime, creditors such as Credit Suisse, whose clients are braced for losses on more than $1bn of exposure to Gupta’s companies, have to rely to a large extent on the work of Milan Patel, a 58-year-old chartered accountant little-known in the audit industry.

 

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spygirl

So..... off all the auditors in London, sanjeev manages to find a tiny one run by another Indian.

 

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spygirl

ab98493d-cba2-474e-a693-1f7c8654ed34.png

Oh ffs

Gupta’s companies are not King & King’s only controversial clients. The firm also signed off on the financial statements of BRS Investment Holdings UK, a company controlled by Bavaguthu Raghuram Shetty, the Indian founder of hospital operator NMC Health and finance firm Finablr, which are both mired in allegations of fraud.

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spygirl

Sanjeev Gupta’s ‘spiritual home’ Whyalla left on edge by crisis

Concerns intensify in Australian city revived by metals mogul as his funding dries up

https://www.ft.com/content/1e904e24-ce30-4914-8440-618e7524e777



When Sanjeev Gupta jetted into Whyalla, a rust-bucket Australian steel city, he called it a “diamond in the rough” and unveiled plans to invest billions of dollars.

The British industrialist was feted as a visionary by the country’s political establishment and Whyalla’s 1,200 steel workers, who led a parade through the city in his honour in 2017.

 

ffae36b3-0dea-4d27-aaa1-000bb84e9b0f.jpg

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Chewing Grass
1 minute ago, spygirl said:

Cost of polluting in bloc more than double its pre-pandemic level

Kerching - China wins.

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spygirl

Sanjeev Gupta closes in on £200m loan for UK steelworks

Metals tycoon turns to White Oak after collapse of main lender Greensill Capital

https://www.ft.com/content/862e957c-bd64-459a-8e35-4f5917edd1d5

113aea65-2a03-4c59-ac08-8001c3c74b8a.jpg

Whos a cheeky chappy. Eh, whos a cheeky chappy....

Sanjeev Gupta has been thrown a potential lifeline for his British steelworks after agreeing terms on a £200m loan from White Oak, a US-based private finance group.

 

 

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spygirl
On 06/05/2021 at 17:41, spygirl said:

Sanjeev Gupta closes in on £200m loan for UK steelworks

Metals tycoon turns to White Oak after collapse of main lender Greensill Capital

https://www.ft.com/content/862e957c-bd64-459a-8e35-4f5917edd1d5

113aea65-2a03-4c59-ac08-8001c3c74b8a.jpg

Whos a cheeky chappy. Eh, whos a cheeky chappy....

Sanjeev Gupta has been thrown a potential lifeline for his British steelworks after agreeing terms on a £200m loan from White Oak, a US-based private finance group.

 

 

Fuckwittery continues.

Credit Suisse casts doubt on Sanjeev Gupta’s £200m bailout loan

Swiss bank’s clients are owed $1.2bn by the metals magnate and lender says it has not been contacted about the plan

https://amp.ft.com/content/60903afa-97aa-4919-9bb2-5831e2669998

When this ends up in liquidation, you just know all the borrowing has in on cash to keep the business going - bar the stuff hes skimmed for his houses.

Bent cunt.

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spygirl

Comments, stating the obvious that the regulators n banks just cannot admit

Does White Oak's Collateral package include the £42m pad in Belgravia or the Wyelands estate......... I think not!
Face it folks all the cash and the guy are long gone - suggest a good administrator come in today and start to sort out the mess asap...................
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Cities Licker
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17 HOURS AGO
 
reply In reply to Onlyfoolsandremorses
Err - someone has to appoint the administrator and the stakeholders are playing 'Pass the Insolvency' because no one gets a Knighthood or other government graft for pulling the plug.
 
It will go bust this year but at a time of the creditors choosing.
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Savvy Joe
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20 HOURS AGO
 
Freeze Gupta’s and his close associates’ assets (house in Belgravia seems to be in his wife’s name). 
Send in the SFO together with an army of forensic accountants.
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Golden Girl
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20 HOURS AGO
 
reply In reply to Savvy Joe
The A$34m Potts Point house in Sydney is in an associates name too..
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Magumbo
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20 HOURS AGO
 
reply In reply to Golden Girl
For such a dodgy guy he seems to have some trustworthy and loyal associates.
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balakris
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20 HOURS AGO
 
reply In reply to Magumbo
In the case of Indians, their close family.
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Eamonn Craft
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18 HOURS AGO
 
reply In reply to Magumbo
Ian Cameron and Lord Jeremy Heywood are doing all they can
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balakris
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20 HOURS AGO
 
reply In reply to Savvy Joe
Even if assets are in other names, if diversion of funds for other  than the stated purpose is proved, he will hav a prob.
But His connections are so deep that he has dodged a basic forensic audit.
Even his bankers are not asking for one!

 

 

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