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The Latest Breaking News from GFG Alliance

‘National disaster’ if troubled Whyalla steelworks falls over, SA premier warns

Peter Malinauskas calls situation ‘tricky’ but says state government will continue to monitor Sanjeev Gupta’s GFG Alliance and act where it can

The Guardian - AU

Former head of bank linked to Greensill Capital fined by UK regulator

CEO of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, committed ‘serious’ rule breaches

The Guardian - UK

Mining exploration on the rise in SA as demand grows for materials used in renewable energy technology

As mineral exploration in SA reaches an eight-year high, resources companies are scouring remote parts of the state for commodities needed for lower-emission steelmaking, renewable energy generation and batteries.

ABC News

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Whyalla moves closer to emissions-free production as Liberty Steel signs electric furnace contract

The company behind the Whyalla steelworks signs a $485 million deal that could end the use of coal in making steel in Whyalla.

ABC News

Barrett Steel acquires Aartee Bright Bar in £13m rescue deal but Dudley plant will close

More than 170 jobs have been saved as a result of buyout struck with administrators but hot-rolled plant in Black Country is not included

Birmingham Post

Rescue deal for Black Country steel firm

Sanjeev Gupta's GFG Alliance has acquired a 100 per cent share purchase of Aartee Bright Bar's owner

Birmingham Post

Liberty Steel Group says it is nearing deal with Credit Suisse and Greensill

Sanjeev Gupta-owned firm stands to win reprieve from creditors’ insolvency proceedings

The Guardian - UK

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Liberty Steel Dalzell parts ways with auditor

Accountancy firm King & King is being investigated by the UK's accounting regulator

Insider UK

UK Government cancels loans to Sanjeev Gupta's group

Scottish Liberal Democrat economy spokesman calls for Scottish Government to end secrecy about its financial involvement

Insider UK

Liberty Steel reaches debt agreement with Greensill

Company says it is operationally strong, 'despite some economic headwinds'

Insider UK

Sanjeev Gupta’s GFG Alliance fails to get winding-up order thrown out

Credit Suisse, one of Gupta’s main creditors, started insolvency hearings against GFG companies last month

The Guardian - UK

Metals firm handed £586m Scottish Government support package facing court bankruptcy fight

Taxpayers could be hit with crippling losses if businessman Sanjeev Gupta’s GFG Alliance goes under as a result of the controversial deal signed by SNP ministers.

Daily Record

Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks

Companies in metals empire owe the Swiss investment bank more than $1bn

The Guardian - UK

FRC launches inquiries into audits of four Liberty Steel companies

Watchdog to investigate King & King’s statutory audits of companies, owned by metals tycoon Sanjeev Gupta

The Guardian - UK

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The Independent UK

Investigation launched into Gupta accountants

King and King will be investigated for its role as auditors in signing off accounts for four Liberty Steel businesses over the past three years.

Insider UK

Serious Fraud Office raid Liberty Steel offices as part of money laundering probe

It follows the French national police visiting the group's Paris offices and former metal manufacturing site in Dunkirk

ABC News

Serious Fraud Office visits Whyalla steelworkers owner GFG Alliance offices in UK in fraud, money laundering investigation

Properties linked to British billionaire Sanjeev Gupta's GFG Alliance have been searched by officers from the UK's Serious Fraud Office.

The Guardian - UK

Serious Fraud Office requests documents at Gupta-linked firms

UK offices of companies owned by industrialist targeted as part of money laundering inquiry

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The Independent UK

Gupta’s Liberty Steel offices raided in SFO investigation

It comes almost a year after an inquiry was launched into suspected fraud and money laundering by parent firm GFG Alliance.

Insider UK

French police raid GFG Alliance-linked businesses in money laundering probe

Sanjeev Gupta's group was backed with £568m from the Scottish Government when buying a smelting plant in the Highlands

Birmingham Post

Global steel executive joins GFG Alliance to bolster restructuring, transformation and Net Zero plans

Sandip Biswas is a former chair of Tata Steel UK

Insider UK

Scottish ministers reject Highland wind farm proposal

Developer Simec Wind One is run GFG Alliance boss Sanjeev Gupta's father

The Guardian - UK

Steel tycoon Sanjeev Gupta’s GFG alleged to have ‘misappropriated’ funds in Romania

High court documents show French government believes GFG Alliance may have broken law

The Guardian - UK

GFG Alliance launches high court action to reclaim aluminium smelter

US private equity fund that runs smelter says it could not accept payments from GFG because of allegation it broke Romanian law

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