The business select committee said it had identified “inadequate” accountability within Mr Gupta’s GFG Alliance following an investigation into the impact of the collapse of Greensill Capital, GFG’s main lender.
In a damning report, the committee said it has seen “no tangible evidence” that GFG was improving its corporate governance, and warned that delays to its accounts meant it was hard to understand the true finances of the company’s UK steel division Liberty Steel.
Be honest here. Why do you think he uses a boutique firm as his auditors? Does he want folks to be able to understand?
I will say this though. Whether it’s just plate spinning or he’s actually managing to keep the show on the road he’s done this for much longer than I thought he was going to be able to.