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Mr Sanjeev Gupta raises fears by delaying accounts - Report

Steel News - Published on Mon, 11 Feb 2019

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The Times reported that the steel tycoon Sanjeev Gupta has delayed publishing the accounts of more than 20 companies, raising new questions about the financial health and transparency of his fast-growing empire. FT report said “Analysis of more than 40 of Gupta’s UK subsidiaries shows that about half have used an accounting tactic to postpone the filing of accounts at Companies House. In many cases this means the last disclosed trading was almost two years ago.”

Mr Gupta’s acquisition spree across the UK, America, Europe and Australia has seen him spend hundreds of millions of pounds on businesses from steelworks and aluminium plants to banks.

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Posted By : Ratan Singh on Mon, 11 Feb 2019
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