British businessman Sanjeev Gupta's comments to Australian journalists on the revival of the Arrium steel complex have sparked outrage in local media.
"Recent comments show a new level of hypocrisy," writes The Sydney Morning Herald.
The publication outraged Gupta's statement that the Australian business elite was unable to cope with the difficulties that led to the bankruptcy of the largest steel company on the continent.
“Change is born of difficulty, not comfort. You failed to add any value or create something new, "The Sydney Morning Herald quotes Sanjeev Gupta, believing that these words offend the Australian business elite.
Australian journalists reminded the head of Liberty Steel that his business model is very risky and “is not a model of self-sufficient entrepreneurship - indeed, rent seeking seems to be as important a part of his corporate strategy as risk.”
The Sydney Morning Herald recalled that South Australian Prime Minister Stephen Marshall has already pledged $ 50 million to support the Gupta steel mill, but a recent request for another government loan has been denied.
