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On 8 March 2021, Bloomberg reported that GFG Alliance believed it would become insolvent if Greensill collapsed and had defaulted on some of its bonds. [29] In April 2024, Grant Thornton, the administrators for Greensill, published a report where they revealed that they were still owed round $587.2m (£472m) from the GFG Alliance. [30]
Grant Thornton, which is looking to regain the money owed to Greensill in its role as administrator to the collapsed firm, last month approached companies that were listed as debtors to Gupta's ...
Insolvent finance firm Greensill collapsed last month, days after losing investor funding and insurance coverage for its supply chain financing business. Liberty is part of the GFG Alliance, a ...
The demise of Greensill Capital jeopardised 5,000 steelmaking jobs in the UK. Lex Greensill to be questioned over firm’s collapse and lobbying Skip to main content
The Greensill scandal was a political controversy in the United Kingdom related to lobbying activities on behalf of financial services company Greensill Capital. It implicated former Prime Minister David Cameron , former Cabinet Secretary Jeremy Heywood and several other civil servants, and occurred during the COVID-19 pandemic .
Stemming from the collapse of the firm, he faces several lawsuits. [15] [16] Greensill and his family sold several million dollars worth of shares in the company in 2019, more than two years before it collapsed. [17] Despite having made the Financial Review 2020 Rich List, Greensill did not reach the threshold for inclusion on the 2021 Rich ...
The business model used by collapsed supply chain financing firm Greensill Capital is causing a "high level of harm" and tighter rules are needed, Britain's Financial Conduct Authority said on Friday.
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