Magnate may be compelled to give evidence as business committee launches inquiry in wake of Greensill Capital collapse
The steel magnate Sanjeev Gupta could be summoned in front of MPs after the parliamentary business committee launched a formal inquiry into Liberty Steel following the collapse of its largest lender, Greensill Capital.
The business, energy and industrial strategy (BEIS) committee is the fourth parliamentary committee to launch an inquiry linked to Greensill’s failure. It will consider the impact of the lender’s collapse on Liberty Steel, its customers and its roughly 3,000-strong UK workforce, who could be under threat if the company fails to find alternative financing.
