Greensill Capital

Independent Financial Auditor Opens Investigations Into GFG Alliance’s Aluminium And Steel Holdings

Independent Financial Auditor Opens Investigations Into GFG Alliance’s Aluminium And Steel Holdings

Britain’s independent financial auditing regulator begun last week four different investigations into Sanjay Gupta’s Gupta Family Group (GFG) Alliance’s aluminium and steel companies and the audits of their books carried out by an outside auditor. The Financial Reporting Council said it is...

Events

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore is in talks with GFG Alliance to refinance its over US$500 million in […]

Business As Usual At Lochaber Aluminium Smelter As Fraud Probe Of GFG Commences

Aluminium smelting operations continue as usual at GFG Alliance’s Lochaber smelter despite an investigation into its parent company for serious financial crimes. On Friday the Scottish government’s Serious Fraud Office said it had begun an investigation into the firm for “suspected fraud, fraudulent trading and money laundering” related to the financing of GFG’s various companies. […]

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta relayed internally that it was seeking a standstill agreement from Greensill Capital’s administrators, […]