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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 Gupta’s 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 Gupta’s “potentially delinquent” 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 – whose legitimacy is now very much an open question. ....

South Australia , Liberty Commoditie , Simon Mckeon , Ray Horsburgh , Alexander Downer , Ross Garnaut , Rio Tinto , Cs Management Services , Liberty Steel , Sunday Times , Smorgon Steel , Carbon Neutral , தெற்கு ஆஸ்திரேலியா , சிமோன் ம்க்கேொன் , ராய் ஹார்ஸ்பர்க் , அலெக்சாண்டர் டௌநர் , ரியோ டின்டோ , சுதந்திரம் எஃகு , ஞாயிற்றுக்கிழமை முறை , ஸ்ம்ொர்கொண் எஃகு , கார்பன் நடுநிலை ,

ANZ's $45m facility with Sanjeev Gupta


ANZ’s $45m facility with Sanjeev Gupta
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One of Australia’s big four banks, ANZ, had a $45 million facility in place with one of the Australian entities of British billionaire Sanjeev Gupta until at least April 2020, but will not say if it has severed relationships with the company.
The guarantee facility with ANZ was entered into by Liberty Primary Metals Australia, one of Mr Gupta’s companies which houses the Whyalla steelworks in South Australia and the Tahmoor coal operations in NSW.
Sanjeev Gupta is fighting to save his global steel empire following the collapse of main financier Greensill Capital.  ....

South Australia , New Zealand , New South Wales , United Kingdom , Ray Horsburgh , Zealand Banking Group , Liberty Onesteel Primary United Kingdom Ltd , Liberty Primary Metals Australia , New Zealand Banking Group , After Reporting , Sanjeev Gupta , Greensill Capital , Grant Thornton , Liberty Onesteel , தெற்கு ஆஸ்திரேலியா , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , ஒன்றுபட்டது கிஂக்டம் , ராய் ஹார்ஸ்பர்க் , ஜீலாந்து வங்கி குழு , சுதந்திரம் ப்ரைமரீ உலோகங்கள் ஆஸ்திரேலியா , புதியது ஜீலாந்து வங்கி குழு , சஞ்சீவ் குப்தா , மானியம் தோர்ன்டன் ,