Sanjeev Gupta

Gupta, who now lives in Dubai, has traveled to the UK to visit a sick relative as well as for business meetings, according to people familiar with the matter

The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India

Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021

The FRC said it made the decision to investigate the audits in February, but gave no further information

The investigation was launched in July after suspicious activities were reported by public officials

Sanjeev Gupta's Liberty Steel UK gets cash injection in restructured plan

The EU has not given a deal fast-track "simplified" status that would allow for a quick approval. The deadline for ruling on the deal is July 9.

Britain is considering all options for Liberty Steel after the collapse of its main lender Greensill Capital, but nationalisation was the least likely route

JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, people familiar with the matter said, as would-be buyers circle Sanjeev Gupta's global commodities empire

JSW's interest, which extends to plants including Gupta's Adhunik steel mill in eastern India, could mark yet another chapter for Britain's steel industry

For two months, Sanjeev Gupta has been scrambling to refinance after the collapse of his group's main lender, Greensill Capital

The London-based lender supplied billions of dollars in loans to GFG, many of which were packaged and sold as funds

The Scottish National Party's dealings with GFG Alliance bear scrutiny

Sanjeev Gupta's Liberty Steel UK plans to restart steelmaking next week and continues to seek new funding after its main financial backer Greensill Capital went into insolvency, it said on Monday

GFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed for insolvency earlier in March

The Ludhiana-born British Indian's GFG Alliance, Britain's third-biggest steel company, employs 35,000 people from the United Kingdom to Australia

On Monday, Gupta's group had told Greensill in February that it would be insolvent without its funding.

In the UK, Prime Minister Boris Johnson's administration is in constant contact with Gupta's steel division over the impact on British factories and jobs

In November 2016, Gupta had started exclusive talks with Tata Steel UK for the acquisition of its speciality steels business based in West Yorkshire and China

Media reports said near-collapse of Gupta Family Group Alliance's biggest lender has completely choked off the key source of funding