Business
What is the GFG Alliance and what does it own? – BBC News
Financial troubles at the group owned by Sanjeev Gupta puts 35,000 jobs in doubt around the world.
By Ben KingBusiness reporter, BBC News
image copyrightLiberty Steel
In May, the news of a fraud probe into GFG Alliance sent shockwaves of worry around the UK and the rest of the world.
The Gupta Family Group Alliance (GFG) owns a collection of businesses in energy, steel and trading which spans the globe, employing around 35,000 people.
Its high-profile executive chairman Sanjeev Gupta has become famous for buying troubled steelworks and factories, promising to keep them open and save jobs.
He…
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