Business Standard

Industrialist Sanjeev Gupta in controversy as Liberty Steel struggles

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

Sanjeev Gupta, Liberty

Liberty, which has already benefited from £1 billion by virtue of state guarantees, employs 3,000 workers in Britain

Ashis Ray London
Sanjeev Gupta, an industrialist of Indian origin, is embroiled in more controversy than one. Perhaps the worst of these being the allegation that his company additionally borrowed hundreds of millions of pounds last year to ease his steel empire’s distress accentuated by the coronavirus pandemic and soon thereafter spent £42 million to buy a posh London townhouse in his wife Nicola’s name.

The swanky six-storey building in the British capital's Knightsbridge district of Belgrave Square was previously home to British aristocracy. Its owner, Lady Ballyedmond (formerly Mary Haughey), widow of pharmaceutical tycoon Baron Ballyedmond, Edward Haughey, put the Grade I-listed

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First Published: Mar 22 2021 | 6:10 AM IST

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