Part of Sanjeev Gupta's metals empire is holding talks with its lenders to avoid collapsing into administration.
The firm was put up for sale recently as part of attempts by Mr Gupta to refinance his beleaguered GFG Group.GFG Alliance said it had been exploring "strategic options" regarding the future of Liberty Aluminium Technologies and was in talks with "four interested parties". The firm said it was "also in discussions with LAT's main creditor to give it the time to conclude that process effectively."The BBC has learned that government officials have not yet been involved in these talks despite assuring MPs and unions that it was monitoring the situation at GFG very closely.Gupta empire facing UK fraud probe over Greensill
Since then, the Serious Fraud Office has launched an investigation into suspected fraud, fraudulent trading and money laundering. GFG says it is co-operating.
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