Business
A glimpse into Greensill’s Gupta exposure – The Australian Financial Review
A large funding facility provided by Greensill to one part of Sanjeev Gupta’s empire provides a glimpse of the pair’s relationship.
The OneSteel accounts are perhaps most notable for the comments on the companys position as a going concern.
The accounts state that: Directors are of the view that the consolidated group will be able to continue as a going concern and will therefore realise its assets and extinguish its liabilities in the normal course of business at the amounts stated in the financial statements.
There remains, however, a material uncertainty as to whether the consolidated group can continue to operate as a going…
Continue Reading