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 actions did Tata Steel take after their internal investigation?

What are the reasons cited by Tata for their struggles in the UK market?

Who is the only prospective buyer interested in Tata Steel's Port Talbot plant?

How many jobs could potentially be jeopardized by the situation at Tata Steel?

What conditions did Sanjeev Gupta mention regarding the Tata Steel deal?