U.K. Opened Tata Probe After Audit

The UK Serious Fraud Office is investigating Tata Steel for inappropriate testing and falsification of certificates. Tata Steel has stopped these practices and suspended personnel. The timing is critical as Tata plans to exit its UK businesses, citing global oversupply and rising exports from China. Liberty House Group is the only potential buyer but has set conditions, including relief from high energy prices and not assuming pension deficits.

What prompted the UK Serious Fraud Office to investigate Tata Steel?

• Inappropriate testing and falsification of certificates

• A new government policy on steel exports

• A merger with a Chinese company

• A sudden drop in steel prices

What is the main reason for Tata Steel's decision to exit its UK businesses?

• High energy prices

• New environmental regulations

• Global oversupply and cheap exports from China

• Lack of skilled labor

Which company is interested in buying Tata Steel's Port Talbot plant?

• Nippon Steel

• Liberty House Group

• ArcelorMittal

• JSW Steel

What condition has Sanjeev Gupta set for proceeding with the Tata Steel deal?

• Expansion of the Port Talbot plant

• Government relief on high energy prices

• Increase in steel production

• Reduction in pension deficits

What is Sanjeev Gupta's stance on the pension deficits associated with the Tata Steel deal?

• He wants the government to cover them

• He plans to negotiate them down

• He is willing to take them on

• He refuses to take them on