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The GFG Alliance had relied heavily on the failed finance company. Sanjeev Gupta’s GFG business empire faces fraud probe amid Greensill links Skip to main content
GFG Alliance was Greensill’s biggest client and it was reported at the time of the collapse that it had an exposure totalling $5bn. [13] In April 2024, Grant Thornton, the administrators for Greensill, published a report where they revealed that they were still owed round $587.2m (£472m) from the GFG Alliance.
Sanjeev Gupta (born September 1971) is an Indian-born British businessman, and the founder of Liberty House Group. [1] He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining industries. [2]
SIMEC Group Ltd is a British international energy and natural resources business focused on resources, sustainable power, infrastructure, and commodities trading. [2] In 2016 it had an annual turnover of almost USD2.5 billion and net assets of USD350 million.
GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer, the company said on Thursday. Gupta's family ...
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The Federal Government refused, however in 2017 British consortium GFG Alliance settled on terms of a purchase of the steelworks with administrators Korda Menthe. [60] Since the purchase, GFG Alliance has invested in Whyalla in a number of ways including a $1.37 billion renewable energy project.
In October 2019, GFG Alliance promised to merge its steel assets into Liberty Steel Group by year end. [ 11 ] [ needs update ] In 2020, LHG received European Union approval to purchase the Duffel , Belgium plant of aluminium smelter operator Aleris which cleared the way for the purchase of Aleris by Novelis .