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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 .
Alexander David "Lex" Greensill CBE (born 29 December 1976 [1]) is an Australian former businessman best known for being the founder of Greensill Capital, a company focused on supply chain finance and derivative financial products that on 8 March 2021 filed for insolvency protection [2] and faced legal scrutiny.
Greensill's demise has caused red faces for the investors who back it, banks that worked with it, and sparked a political crisis in Britain. Greensill Capital scandal: What you need to know as ...
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]
An investigation by the Sunday Times alleged that Lex Greensill enriched himself through a Government-backed loan scheme.
The former prime minister will not face regular grillings by MPs in his new role as Foreign Secretary because of his position in the House of Lords.
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Heywood and former Prime Minister David Cameron were criticised in the 2021 investigation report into the Greensill lobbying scandal. Heywood was found to be primarily responsible for businessman Lex Greensill being given a role in government and "extraordinarily privileged" access into 10 Downing Street. [21] [22]