Business
Deafening silence of crony alliance that fuelled Sanjeev Gupta’s rise – The Times
They say it takes two to tango. In the case of steel tycoon Sanjeev Gupta and money man Lex Greensill, the unlovely couple whose financial footwork is ending in…
They say it takes two to tango. In the case of steel tycoon Sanjeev Gupta and money man Lex Greensill, the unlovely couple whose financial footwork is ending in a crisis that threatens thousands of blue-collar jobs, it took four or five.
Vested interests clapped them on as Gupta built a $20 billion-turnover empire of tired steel and aluminium assets using funds sourced by Greensills eponymous supply-chain finance firm. There were industrial giants such as ArcelorMittal, Rio Tinto and Tata, which…
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