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Opinion

The rise and fall of global steel baron Sanjeev Gupta

Pied Piper of Dubai who led many astray now faces fraud charges

| Europe
Sanjeev Gupta, pictured in April 2016: his New Deal for steel promised more than it delivered.   © Reuters

Lionel Barber is former editor of the Financial Times. He is author of "The Powerful and the Damned: Private Diaries in Turbulent Times."

In his heyday, Sanjeev Gupta was renowned as "the savior of steel." The Indian-born British businessman cast himself as the scrappy outsider on a mission to rescue dying industrial communities, from South Wales to South Australia.

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