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Greensill Capital was a financial services company based in the United Kingdom and Australia. Its main business was the provision of supply chain financing and related services. The company was founded in 2011 by Lex Greensill. It filed for insolvency protection on 8 March 2021. [2]
Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said in its court filing that its largest client, GFG Alliance, had started ...
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 .
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.
LONDON (Reuters) -Britain's government has opened an independent investigation into failed finance company Greensill Capital after lobbying by former Prime Minister David Cameron raised questions ...
Following the 2021 collapse of Greensill Capital, Sanjeev Gupta has been under scrutiny for his ties to the failed company. [45] The Financial Times noted in 2019 that Gupta's companies have been fueled by "opaque financing". [46] In April 2021, a Member of Parliament in the UK accused Gupta of running "a potential Ponzi scheme". [47]
GFG Alliance was Greensill’s biggest client and it was reported at the time of the collapse that it had an exposure totalling $5bn. [13] 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.
Greensill, which was founded in 2011 by former Citigroup banker Lex Greensill, helps companies spread out the time they have to pay their bills. German watchdog puts Greensill Bank on hold due to ...