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IAG hit with $300m of claims linked to Greensill Capital collapse

The insurer says it was in the dark about policies a half-owned insurance agency was signing. ....

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Liberty Steel unit faces winding up petition

Winding up petitions have been issued against four companies owned by metals tycoon Sanjeev Gupta, reports say. ....

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Greensill and GFG: uncovering a scandal | Global Trade Review (GTR)

Greensill and GFG: uncovering a scandal | Global Trade Review (GTR)
gtreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gtreview.com Daily Mail and Mail on Sunday newspapers.

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Sanjeev Gupta suspends global advisory board

Sanjeev Gupta suspends global advisory board
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We strain to conceive of a route, however serpentine, by which
Sanjeev Guptaâs GFG Alliance will survive the collapse of its primary financier Greensill Capital and the subsequent revelations of its own profoundly dubious accounting practices.
GFG Alliance companies owe Greensill approximately $US5 billion ($6.5 billion) and major Greensill creditor Credit Suisse has commenced legal proceedings to wind up multiple arms of Guptaâs âpotentially delinquentâ empire, including the Whyalla steelworks in South Australia.
Legitimate businesses can generally survive the failure of their lenders by refinancing. But in this case the lender has failed precisely because of its over-exposure to this one customer â whose legitimacy is now very much an open question. ....

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Statues add to intrigue at Gupta's Liberty Commodities

Statues add to intrigue at Gupta's Liberty Commodities
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