The mountain of related-party transactions between entities in Sanjeev Gupta’s complex web of companies – which is making suppliers increasingly nervous as he attempts to refinance up to $6 billion for his global empire – is reinforced in one of his lesser-known Australian entities.
The financial accounts for Liberty OneSteel Corporate Services Pty Ltd, lodged with the Australian Securities and Investments Commission for the 12 months ended June 30, 2020, are audited by KPMG. They underline again the interdependency of the Gupta companies.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
