Business
Sanjeev Gupta’s GFG Alliance stops payments to Greensill – The Australian Financial Review
Sanjeev Gupta’s GFG Alliance has stopped making payments to Greensill Capital, the ailing finance group that helped transform the former commodities trader into…
Documents at UK Companies House show Greensill took additional security over the shares in holding companies above Guptas Australian assets on Monday. GFG Alliance and Greensill declined to comment.
The turmoil at Greensill has triggered a wave of concern among GFGs suppliers, local politicians and unions over its prospects.
Lex Greensills company plunged into crisis this week after its main insurer refused to renew a contract.
Some suppliers to Liberty Steel, GFGs main metals business, said they…
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