Sanjeev Gupta prosecuted for failing to file accounts for more than 70 companies

Steel tycoon faces enforcement action from UK business regulator, which could lead to fine or disqualification

The steel tycoon Sanjeev Gupta is being prosecuted by Companies House for failing to file accounts for more than 70 companies listed in Britain.

Gupta, who was once described as the saviour of steel" when he began rescuing failing British steelworks in 2017, is facing enforcement action from the UK's business register for the late filing, which could result in a fine or being disqualified as a director.