Metals firm denies allegations as more problems emerge for founder Sanjeev Gupta after loss of key UK operation Metals firm denies allegations as more problems emerge for founder Sanjeev Gupta after loss of key UK operation Sanjeev Gupta’s Liberty Steel is under investigation in Romania for embezzlement and tax evasion, adding to the metals tycoon’s difficulties after the loss of his key British operation . Romania’s prosecutor’s office said in a statement last week that they raided seven homes