Maybe the pyramid is getting shaky
"Steel magnate Sanjeev Gupta is being prosecuted over his alleged failure to file accounts in the UK for more than 70 companies, adding to a list of legal woes faced by the industrialist.
Gupta is fighting multiple charges of failing to deliver copies of accounts to Companies House, the UK’s corporate registry, according to court documents seen by the Financial Times.
The charges relate to 76 companies including Liberty Commodities, the trading firm founded by Gupta in the 1990s, and a number of businesses comprising his Liberty Steel group of metals plants.
Gupta, 53, pleaded not guilty to the charges at Cardiff Magistrates’ Court in March, according to the documents. A conviction for failing to file company accounts can result in a fine and director disqualification."
FT.com
(The group bought up lots of steelworks around the world at rock-bottom prices, hoping to gain from a recovery. It borrowed a lot of money from Greensill, which later collapsed.)
"Steel magnate Sanjeev Gupta is being prosecuted over his alleged failure to file accounts in the UK for more than 70 companies, adding to a list of legal woes faced by the industrialist.
Gupta is fighting multiple charges of failing to deliver copies of accounts to Companies House, the UK’s corporate registry, according to court documents seen by the Financial Times.
The charges relate to 76 companies including Liberty Commodities, the trading firm founded by Gupta in the 1990s, and a number of businesses comprising his Liberty Steel group of metals plants.
Gupta, 53, pleaded not guilty to the charges at Cardiff Magistrates’ Court in March, according to the documents. A conviction for failing to file company accounts can result in a fine and director disqualification."
FT.com
(The group bought up lots of steelworks around the world at rock-bottom prices, hoping to gain from a recovery. It borrowed a lot of money from Greensill, which later collapsed.)
