Sanjeev Gupta Charged for Failing to File Accounts; Sibanye Stillwater's $1 Billion Deal for Two Brazilian Mines Ruled Unlawful
Sanjeev Gupta, a prominent steel magnate, is facing criminal charges alongside four other executives for failing to file accounts for over 70 listed companies, as confirmed by the U.K. corporate registry. In a separate legal matter, a London judge ruled that Sibanye Stillwater unlawfully terminated a $1 billion deal with Appian Capital Advisory for two Brazilian mines, leading to an order for Sibanye to pay damages amounting to $1.2 billion. This ruling highlights ongoing accountability issues within corporate governance, as evidenced by other cases involving Barclays and Bayer.
Sources
Latest News from Business WireAnglo American PLC, ESAB Corp. and Billionaire Mohed Altrad to Stand Trial for Cape Asbestos Liabilities https://t.co/OJdFcKedwQ https://t.co/cxZJOP059v
UpmanyuSibanye Stillwater unlawfully terminated a $1 billion deal for two Brazilian mines with private equity Appian Capital Advisory, a London judge ruled https://t.co/ajkz3rlhh4 via @business
Law360
British businessman Sanjeev Gupta and four other executives in his industrial group face criminal charges over their alleged failure to file accounts for more than 70 listed companies, the U.K. corporate registry confirmed Thursday. https://t.co/w4BoeqHr0n
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