Bluster and betrayal: Paul Barry probes how steel tycoon Sanjeev Gupta hoodwinked the powerful
Amid news that 500 jobs will go at the Whyalla steelworks, once owned by Gupta’s GFG Alliance, The Big Steal is a powerful – and timely – work of journalism.
In Paul Barry's book, "The Big Steal: How Steel Tycoon Sanjeev Gupta Fooled Australia and the World," the author delves into the elaborate scam perpetrated by Gupta. He buys rundown steelworks, aluminium smelters, and power stations in towns dependent on them, promising to invest millions to rescue and modernize these businesses.
Politicians, ministers, and local leaders flock to ribbon-cutting ceremonies, believing the hype without conducting proper due diligence. Gupta leaves behind the local workforce and community, while reaping the financial benefits.
Written by urgent.news from The Conversation AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
