Tycoon Sanjeev Gupta has asked the Government for a £170million emergency bailout to save Liberty Steel - as his wife begins a revamp of their lavish London mansion. Mr Gupta, whose GFG Alliance owns Liberty Steel, told Downing Street that help was needed to pay operating expenses and deal with recent losses amid Britain's third lockdown. Tycoon Sanjeev Gupta has asked the Government for a £170million emergency bailout to save Liberty Steel - as his wife begins a revamp of their London mansion. In 2019, Mr Gupta paid £19million for Bomera - a sandstone, Italianate mansion that overlooks the Sydney Harbour in Australia. Shadow business minister Lucy Powell said: 'Labour has called for a plan B for Liberty Steel.

Source: The Nation March 27, 2021 12:01 UTC