• Home
  • About
  • Contact
  • ePaper
Thursday, June 12, 2025
No Result
View All Result
Kashmir Digest
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz
No Result
View All Result
Kashmir Digest
No Result
View All Result
Home Business

Sanjeev Gupta thanks UK Minister for ‘instrumental’ role in securing loans

by Indo-Asian News Service
January 30, 2022
in Business, Economy, Finance
0
Sanjeev Gupta thanks UK Minister for ‘instrumental’ role in securing loans
Share on FacebookShare on TwitterWhatsappTelegram

New Delhi: Sanjeev Gupta thanked the Tory minister Nadhim Zahawi for his “personally instrumental” role in enabling Greensill Capital to make taxpayer-backed Covid business support loans, in a letter released by the UK government, The Guardian reported.

Greensill collapsed last year, sparking a lobbying scandal involving the former UK prime minister David Cameron and a Serious Fraud Office investigation into more than 300 million pounds of loans to businesses linked to GFG Alliance, the metals conglomerate run by Gupta, under the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the report said.

It has emerged that in October 2020, Gupta sent a letter to Zahawi, then a minister in the UK business department (BEIS), thanking him for getting the bank to approve Greensill’s access to the loan scheme.

“Since you were personally instrumental in getting the BBB’s approval for Greensill Capital to provide financial assistance under the CLBILS programme, it would be very fitting if you could join us to mark this special moment that provides relief to thousands of workers,” said Gupta in the letter, released after a freedom of information request lodged by the Financial Times.

In the letter, Gupta went as far as inviting Zahawi, who was promoted to education secretary in the autumn, to a “small gathering” at his steelworks in Rotherham to mark the Greensill loan success, the report said.

The letter was sent days before a formal investigation into Greensill and the loans to GFG-linked firms was launched.

“The department does not recognise the assertion made in Mr Gupta’s letter that Nadhim Zahawi played a role in securing the bank’s approval to accredit Greensill Capital,” said BEIS. GFG declined to comment.

BEIS stated that Zahawi “did not respond to the letter, nor did he make any subsequent visit to a GFG Alliance site”.

(IANS)

Indo-Asian News Service

Related Posts

PDA, Tourism Department conducts Cleanliness drive at Patnitop, Nathatop
J&K

PDA, Tourism Department conducts Cleanliness drive at Patnitop, Nathatop

July 28, 2024
Sinthan Top emerges as tourist hotspot, attracts 1.6 lakh visitors in June
J&K

Sinthan Top emerges as tourist hotspot, attracts 1.6 lakh visitors in June

June 28, 2024
Tourism Department holds ‘South Kashmir Adventure’ to Promote Region’s Beauty and Heritage
J&K

Tourism Department holds ‘South Kashmir Adventure’ to Promote Region’s Beauty and Heritage

June 11, 2024
Next Post
Union Budget expected to focus on increase in limits for basic tax exemption, standard deduction

Union Budget expected to focus on increase in limits for basic tax exemption, standard deduction

Salman says character in ‘Antim’ one of his toughest on-screen portrayals

Salman Khan releases his track 'Dance With Me'

Vidyut Jammwal makes donation for future of Kalaripayattu

Vidyut Jammwal makes donation for future of Kalaripayattu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Adopt uniformity in driving test tracks, include ramp tests: RTO Kashmir to ARTOs

Adopt uniformity in driving test tracks, include ramp tests: RTO Kashmir to ARTOs

1 year ago
GDC Sumbal hosts Spl event to discuss challenges, achievements of Women

GDC Sumbal hosts Spl event to discuss challenges, achievements of Women

3 months ago
DDC Kulgam reviews progress of Works under District Capex Budget 2024-25

DDC Kulgam reviews progress of Works under District Capex Budget 2024-25

7 months ago
House damaged in late night blaze at Bandipora village

House damaged in late night blaze at Bandipora village

1 year ago

Categories

  • Big Story
  • Blog
  • Business
  • Court
  • Cricket
  • Economy
  • Ed-Op
  • Editorial
  • Education
  • Finance
  • Football
  • Health
  • J&K
  • Latest News
  • Local
  • Marketing
  • National
  • News
  • Opinion
  • Other
  • Politics
  • Regional
  • Religious
  • Science and Tech
  • Show Biz
  • Sports
  • Startup
  • Top News
  • Tourism
  • UT Ladakh
  • World
No Result
View All Result

Highlights

Thousands throng Sudhmahadev Mela on Day 2

Geo-tagging of PMEGP Units underway in Doda District

DC convenes Block Diwas program at Bagla Bharat- Doda

ADC Jammu emphasises priority sector lending at DLRC meeting

Surinder Choudhary inaugurates Hathkargha mela at Kashmir Haat

Dy CM reviews working of R&B Department; launches macadamisation programme

Trending

CM Omar Abdullah addresses Travel Agents Association of India
J&K

CM Omar Abdullah addresses Travel Agents Association of India

by KD Desk
June 11, 2025
0

    Srinagar, June 11: Chief Minister Omar Abdullah said today that his government is working to...

CS assesses efforts made for revival, restoration and conservation of heritage in J&K

CS assesses efforts made for revival, restoration and conservation of heritage in J&K

June 11, 2025
Lieutenant Governor undertakes pilgrimage of Shri Amarnath Ji from Baltal track; First Chairman of SASB to Reach Holy Cave Through Track in Recent Times

Lieutenant Governor undertakes pilgrimage of Shri Amarnath Ji from Baltal track; First Chairman of SASB to Reach Holy Cave Through Track in Recent Times

June 11, 2025
Thousands throng Sudhmahadev Mela on Day 2

Thousands throng Sudhmahadev Mela on Day 2

June 11, 2025
Geo-tagging of PMEGP Units underway in Doda District

Geo-tagging of PMEGP Units underway in Doda District

June 11, 2025
Kashmir Digest

©Kashmir Digest -

Navigate Site

  • Home
  • About
  • Contact
  • ePaper

Follow Us

No Result
View All Result
  • Home
  • News
    • Local
    • National
    • Regional
    • World
  • Business
    • Economy
    • Finance
    • Tourism
    • Startup
    • Marketing
  • Ed-Op
    • Editorial
    • Opinion
    • Blog
  • Health
  • Sports
    • Cricket
    • Football
    • Other
  • Science and Tech
  • Show Biz

©Kashmir Digest -