Administrators of Greensill Capital hit several former directors with lawsuit Legal Administrators for the collapsed British financial firm Greensill Capital have launched fresh legal action against several former directors
Bank of England fines financier Jay Hambro Banking The Bank of England has fined banking dynasty scion Jay Hambro for his conduct during a stint as director of the Wyelands Bank, the Sanjeev Gupta-owned lender that ignominiously collapsed in 2020. The BoE’s Prudential Regulation Authority (PRA) issued Hambro – a prominent City figure – with a £72,000 penalty on Wendesday, saying that his [...]
PwC fined £4.5m over audits of Gupta-linked bank Wyelands Big Four Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.
Sanjeev Gupta: Steel tycoon faces criminal charges over missing accounts for 76 firms October 10, 2024 Steel tycoon Sanjeev Gupta faces multiple criminal charges over allegedly failing to file accounts in the UK for 76 companies
Sanjeev Gupta’s GFG Alliance still owes Greensill Capital nearly £500m April 17, 2024 The administrators for Greensill Capital are still owed around $587.2m (£472m) from Sanjeev Gupta’s GFG Alliance, it has been revealed.
Prateek Gupta fails to overturn worldwide freezing order in Trafigura dispute December 15, 2023 Entrepreneur Prateek Gupta's application to remove the worldwide freezing order failed after the High Court ruled evidence used did not provide "any real support" for the case.
Sanjeev Gupta’s Liberty House Group hit with €140m freezing injunction November 1, 2023 Steel giant ArcelorMittal has secured a €140m freezing injunction in Singapore against the Liberty House Group, and seeks to file a worldwide freezing order. According to Argus Media and the Financial Times, the High Court of Singapore granted ArcelorMittal arbitration award for a freezing injunction that prohibited the transfer of Liberty’s Singaporean assets outside the [...]
Gupta-linked bank Wyelands escapes £8.5m fine for series of failures April 4, 2023 The Bank of England has said it would have fined Sanjeev Gupta-connected bank Wyelands more than £8.5 million for a plethora of failures at the winding-down lender. Wyelands was far too exposed to just one client in the form of Gupta’s group of companies – which bought the bank in 2016 – the Bank of [...]
Sanjeev Gupta’s GFG vows to fund steel producer ABB’s fight against New York bankruptcy case March 14, 2023 Sanjeev Gupta’s GFG Alliance has set out its plan to block steel producer Aartee Bright Bar (ABB) from being forced into bankruptcy. The conglomerate, which fully acquired the Midlands company last month, said it would ask a court to block New York investment fund FGI from plunging ABB into insolvency. GFG said its rescue plan [...]
GFG tycoon Sanjeev Gupta vows to fight UK steelmaker’s bankruptcy and save hundreds of jobs February 23, 2023 Sanjeev Gupta’s GFG Alliance has vowed to “fight” a New York investment fund’s bid to plunge one of its major customers into bankruptcy after fully acquiring the firm earlier this month. GFG is seeking to block West Midlands steel products maker Aartee Bright Bar from collapsing into insolvency after the manufacturer’s main creditor, FGI, decided [...]