It’s been three years since the collapse of Lex Greensill’s supply chain financing empire, and one of its primary beneficiaries – British steel magnate Sanjeev Gupta – remains just as resplendent.
Gupta’s empire spent August cutting jobs and salaries at South Australia’s Whyalla steelworks. Meanwhile, and in true magnate fashion, he personally splashed out for prime waterfront property in Sydney.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com