Sanjeev Gupta

Sanjeev Gupta is the owner of Liberty Steel, a company currently facing significant financial difficulties. This situation has become newsworthy due to the potential impact on a Royal Navy shipbuilder. Liberty Steel's Dalzell plant in Scotland secured a contract to supply 34,000 tonnes of metal plates for the construction of fleet solid support (FSS) ships. However, the plant is reportedly unable to commence full production due to a lack of cash flow required to purchase slab. This shortage creates uncertainty for the shipbuilder, which is awaiting the steel to proceed with the warship construction. Gupta's business dealings are also indirectly linked to the Greensill Bank collapse, as Greensill's financial practices are now under legal scrutiny by German prosecutors, potentially further impacting confidence in Gupta's financial stability and business operations.