Credit Suisse moves to liquidate Whyalla steel mill, Tahmoor Coal
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Investment bank Credit Suisse has launched legal action that could potentially put the Whyalla steel mill and other steel assets owned by billionaire tycoon Sanjeev Gupta into liquidation.
Citigroup has filed an application on behalf of Credit Suisse in the New South Wales Supreme Court seeking to wind up two entities that are a part of Mr Guptaâs Australian business empire over debts associated with failed financier Greensill Capital.
Sanjeev Gupta standing outside one of the OneSteel mills he bought in 2017.