Many backers seemed all too eager to buy what the ego-driven,larger-than-life Australian financier Lex Greensill was selling. It’s time to brush up on how this pyramid of lies was built. It could be built again one day.
Parliament needs to hear from Greensill Capital and its lobbyist Julie Bishop so it can understand how an Australian company was able to provide such a predatory product - with the help of a former deputy leader of the Liberal Party.
Finance house Greensill Capital’s Australian arm traded while insolvent,according to a report by the company’s liquidators. It means directors,including company founder Lex Greensill,may be liable for debts incurred during this time.
The UK’s audit regulator will probe the auditors for Greensill Capital and Sanjeev Gupta’s Wyelands Bank following the collapse of the trade finance specialist.
The steel tycoon and the Swiss bank say they are confident of reaching an agreement that would see the bank repaid in full for its Greensill debt.
The former British prime minister was accused of “stalking” rather than lobbying on behalf of controversial banker Lex Greensill.
Australian businessman Lex Greensill has issued a grovelling apology after being hauled before the British parliament but blamed the collapse of his business on insurers.
Greensill Capital founder Lex Greensill will be publicly grilled by British politicians this week.
GFG Alliance said the new financing arrangement would help it pay out the billions in debts it owes to Greensill in full.
Four of the five living former prime ministers – David Cameron,Tony Blair,Gordon Brown and Sir John Major – are likely to be called to give evidence in public along with Lex Greensill.
Lex Greensill,the founder of Greensill Capital,could be hauled before public examinations by liquidators as they probe the reasons behind the $9 billion company’s unexpected collapse.