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Bluster and betrayal: Paul Barry probes how steel tycoon Sanjeev Gupta hoodwinked the powerful
It is difficult to read Paul Barry’s The Big Steal without a mounting sense of outrage, not just at the British businessman Sanjeev Gupta, rightly described as a silver-tongued scoundrel, but at the greedy bankers, gullible journalists, naive politicians and incompetent regulators who allowed this global scam to happen.
Review: The Big Steal: How Steel Tycoon Sanjeev Gupta fooled Australia and the World – Paul Barry (Allen & Unwin)
The story has been meticulously put together by one of Australia’s finest investigative journalists. Barry knows the terrain of corporate skulduggery well, having written two books tracing the rise and fall of that infamous Western Australian pirate Alan Bond.
Mansions, promises, sinking towns: Paul Barry looks at how one man fooled the world
A delusional psychosis of self-entitlement. Is this a diagnosis to be found in psychiatry textbooks? Possibly not, but after reading Paul Barry’s The Big Steal I’m thinking that there’s a sound argument for an entire chapter.
Astonished and appalled, Barry chronicles the implosion of Sanjeev Gupta’s cruel fantasy: that he, and he alone, could save an ageing steel industry from the laws of thermodynamics and corporate governance. The ghastly aftermath of financial, industrial and personal disasters that Gupta has left in his wake will play out for years, and there are creditors beyond counting baying for his hide.
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