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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. [14]
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 ...
He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining industries. [2] Following the collapse of Greensill Capital in 2021, Sanjeev Gupta has been under scrutiny for his ties to the failed company, which involved opaque financing and sales invoices that Greensill's administrator ...
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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.
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Initially, it was a developer of the tidal power turbines and projects, but after becoming a part of GFG Alliance it has expanded its business also to the waste-to-energy [3] and hydropower. [4] The tidal turbine development was split out to Proteus Marine Renewables in 2022.