Stay updated with breaking news from ஏன் எஃகு வேலைகள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Greensill Capital founder Lex Greensill urges inquiry into insurers afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
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. ....
Greensill collapse: Sanjeev Gupta hails progress in bid to protect Whyalla afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
White Oak withdraws white flag at Sanjeev Guptaâs GFG Save Share United States financier White Oak is pushing ahead with due diligence on a refinancing deal for the Whyalla steelworks and Tahmoor coal operations owned by Sanjeev Guptaâs GFG Alliance despite fears it may have ditched the transaction after British authorities began a fraud investigation into GFG. South Australian Treasurer Rob Lucas said on Sunday that White Oak had made it âpretty clearâ it had not pulled out of the deal and would continue with due diligence despite confusion late on Friday night when conflicting statements from White Oak emerged. ....
Save Share Billionaire Sanjeev Gupta appears to have saved the Whyalla steelworks after cementing a $430 million refinancing of the steelworks and his Tahmoor Coal operations, replacing funding which had previously stemmed from the collapsed Greensill Capital. Mr Guptaâs GFG Alliance said on Wednesday the new financing agreement âis sufficient to pay out its Greensill debt in fullâ on the funding for the Liberty Primary Metals Australia entity that owns the Whyalla steelworks and Tahmoor operations in NSW. Sanjeev Guptaâs GFG has secured a refinancing of the Whyalla and Tahmoor coal operations in Australia. It is understood the agreement has been struck with San Francisco-based White Oak Global Advisors. ....