Live Breaking News & Updates on Gupta Owned Wyelands Bank

Stay updated with breaking news from Gupta owned wyelands bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Future of Australian steelworks in doubt as UK fraud office investigates Gupta


Future of Australian steelworks in doubt as UK fraud office investigates Gupta
The future of the Whyalla Steelworks in South Australia (SA) hangs in the balance as the fallout continues from the recent collapse of Greensill Capital.
The Gupta Family Group Alliance (GFG), which owns the Whyalla plant, owes an estimated $6 billion to Greensill, and is now the target of a liquidation operation by Credit Suisse, a major Greensill creditor.
GFG Alliance executive chairman Sanjeev Gupta marches with union officials and ALP senator Kim Carr in Whyalla, South Australia, September 2017. (AAP Image/David Mariuz.)
The plant’s 1,500 workers, as well as around 400 workers at GFG’s metallurgical coal mine at Tahmoor in New South Wales, now find their livelihoods threatened by the speculative wheeling-and-dealing of the financial elite. ....

South Australia , New South Wales , United Kingdom , West Bromwich , Rob Lucas , Bill Shorten , Sanjeev Gupta , Tom Koutsantonis , Wyelands Bank , Credit Suisse , Serious Fraud Office , Labor Party , Australian Worker Union , Gupta Family Group Alliance , United Kingdom Serious Fraud Office , National Crime Agency , Whyalla Steelworks , Greensill Capital , Gupta Owned Wyelands Bank , National Crime , Secretary Peter Lamps , White Oak Global Advisors , White Oak , General Motors Holden , Labor Treasurer Tom Koutsantonis , Sydney Morning Herald ,