But the drumbeat of concern about GFGs financial health is gaining intensity. The BBC said British trade unions were demanding a meeting with GFG subsidiary Liberty Steel, the countrys third-largest steelmaker, to seek assurances about the future of steel jobs.
And Libertys CEO, John Ferriman, met Business Secretary Kwasi Kwarteng over the weekend. The British government has previously felt the need to step in when steelmakers falter.
The court documents underscore the unravelling of the previously intense and productive relationship between Greensill and GFG, mirrored in a close personal bond between Mr Greensill and Mr Gupta, which fuelled the breakneck expansion of both companies.
Concerns over the extent of Greensills exposure to Mr…
Read the full article at: https://www.afr.com/companies/financial-services/greensill-files-for-insolvency-raises-gupta-concerns-20210309-p578wx