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Fight or flight

Good morning, early birds. Scott Morrison has rejected suggestions that Australians were “unfairly blocked” from their repatriation flight from India, and early-morning Israeli air raids in Gaza have killed at least 42 Palestinians. It's the news you need to know, with Chris Woods. ....

Israel General , Ar Riya , Saudi Arabia , United States , New South Wales , Al Iskandariyah , United Kingdom , West Bank , Western Australia , South Australia , Gaza Strip , Brett Suttontold , Antonio Guterres , Tim Pallas , Dan Andrew , Sanjeev Gupta , Josh Frydenberg , Peter Greste , Peter Costello , Scott Morrison , Benjamin Netanyahu , Dominic Perrottet , Al Jazeerareports , Natalie Hutchins , Nick Coatsworth , Rashida Tlaib ,

Greensill collapse: UK fraud agency investigates Sanjeev Gupta's GFG Alliance


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London | Sanjeev Gupta’s $430 million rescue deal for the Whyalla Steelworks looks to have collapsed, after Britain’s Serious Fraud Office launched an investigation “suspected fraud, fraudulent trading and money laundering” at his GFG Alliance.
Mr Gupta’s white knight in Australia, White Oak Global Advisors, said late on Friday (Saturday AEST) that the SFO’s probe had pulled the plug on the rescue deal.
Under pressure: Sanjeev Gupta. 
Dylan Coker
“As with any regulated financial institution, we are not in a position to continue discussions with any company that is under investigation by the Serious Fraud Office for money laundering,” the San Francisco-based firm said. ....

South Australia , United Kingdom , New South Wales , Lex Greensill , Greensill Bank , Wyelands Bank , Greensill Capital United Kingdom Ltd , Alliance Group , Gupta Family Group Alliance , Credit Suisse , White Oak , Greensill Capital United Kingdom , Greensill Capital , Grant Thornton , Financial Times , Bremen Based Greensill Bank , தெற்கு ஆஸ்திரேலியா , ஒன்றுபட்டது கிஂக்டம் , புதியது தெற்கு வேல்ஸ் , கூட்டணி குழு , குப்தா குடும்பம் குழு கூட்டணி , கடன் ஸ்யூயி , வெள்ளை ஓக் , மானியம் தோர்ன்டன் , நிதி முறை ,

Fraud probe rocks embattled Gupta empire just as it seemed to win lifeline


Sanjeev Gupta’s plans to save his embattled industrial empire suffered a major setback as the U.K. opened a fraud investigation, prompting a potential financial partner to walk away.
For two months, Gupta has been scrambling to refinance after the collapse of his group’s main lender, Greensill Capital, and recently looked close to winning a reprieve helped along by a surging commodity prices.
But on Friday, the Serious Fraud Office announced a probe into Gupta’s GFG Alliance, including into the financing arrangements with Greensill. That prompted White Oak Global Advisors LLC which had recently offered a lifeline with terms for a 200 million-pound ($282 million) loan for Gupta’s U.K. steel business to walk away. White Oak was also behind funding for part of Gupta’s Australian assets, the Australian Financial Review has said. ....

South Australia , Sanjeev Gupta , Lex Greensill , Wyelands Bank , Serious Fraud Office , Gupta Liberty House Group , White Oak Global Advisors , Greensill Capital , Australian Financial Review , White Oak , Liberty House Group , Bloomberg News , தெற்கு ஆஸ்திரேலியா , சஞ்சீவ் குப்தா , தீவிரமானது மோசடி அலுவலகம் , குப்தா சுதந்திரம் வீடு குழு , ஆஸ்திரேலிய நிதி விமர்சனம் , வெள்ளை ஓக் , சுதந்திரம் வீடு குழு , ப்ளூம்பெர்க் செய்தி ,