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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]
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 .
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 ...
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
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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]
Supply chain finance firm Greensill Capital could file for insolvency within days, the Wall Street Journal reported on Monday, after Credit Suisse earlier said it had suspended $10 billion of ...
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