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.
The former foreign minister attracted raised eyebrows for her involvement in the now-collapsed Greensill Capital,but she had already found her next Queensland firm taking on the world.
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 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.
In 2017,Sanjeev Gupta was the toast of Whyalla after buying its decades-old steel plant out of administration and announcing a more than $1 billion upgrade. But so far there’s little to show for it. It’s a story that has been repeated across his steel and aluminium empire.
Credit Suisse has been embroiled in a series of financial disasters that could have been avoided had it learned from its compatriot,UBS.
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.