White Oak: Why is the “white knight” so closely associated with Gupta’s metal band?
When the Office of Serious Fraud confirmed on Friday that Sanjeev was investigating Gupta’s GFG Alliance, it appeared that the potential rescuer of the metal group had left.
White Oak Global Advisors, which agreed to two emergency financial agreements with Gupta’s Australian and British steelmakers, said on Friday that “there is no way to continue discussions with any company investigated by the Office of Serious Fraud for money laundering.” .
Hours later, it was seemingly contradictory about GFG’s Australian business: “White Oak continues to make efforts to refinance Liberty Primary Metals Australia’s debt with due diligence and acceptable governance.”