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Underarm
6 mins to read

Walls close in on another colourful entrepreneur

ANALYSIS: Sanjeev Gupta built a global business empire from buying distressed steel industry assets. It worked for a while but his empire is rapidly collapsing as creditors have come calling.

WATCH: Senior journalist Lachlan Colquhoun speaks with Simon Shepherd.

Australia seems to be a magnet for people who might be called ‘colourful entrepreneurs’.

Some have sought to escape their past and re-invent themselves in the new world, while others have brought their success from other markets and tried to replicate it in Australia.

In some cases – such as

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Lachlan Colquhoun Wed, 05 Nov 2025
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Walls close in on another colourful entrepreneur
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