Whitehall on alert for collapse of Gupta's steel empire

Sanjeev Gupta readies last-ditch plan to save UK speciality arm of Liberty Steel

Attempt to secure pre-pack administration deal comes as government officials step up planning for its collapseSanjeev Gupta is preparing a last-ditch attempt to save the remaining arm of his Liberty Steel business as government officials step up planning for a collapse of the business within days.Gupta is understood to have spent the weekend planning an 11th hour rescue deal to save the company’s Speciality Steel UK (SSUK) division days before a…

Whitehall on alert for collapse of Gupta's steel empire

The metals tycoon Sanjeev Gupta is this weekend plotting a controversial deal to salvage his remaining UK steel operations and avert their collapse into compulsory liquidation – a move that would put close to 1,500 jobs at risk.