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.
Australian businessman Lex Greensill and ex-PM David Cameron could be called to testify,with parliamentary committees having the power to summon British citizens.
The former prime minister has been under intense pressure to explain why he used his former position to try and get Greensill access to a £37 billion fund set up to help businesses through the pandemic.
Britain’s former prime minister David Cameron says he has learned lessons from his dealings on behalf of Australian businessman Lex Greensill.
Accounting giant MYOB is pushing into invoice financing,undeterred by the bad invoice-business headlines from the collapse of global financing firm Greensill Capital.
The Anglo-Australian group’s collapse has embroiled some of the British Conservative party’s biggest identities after it was revealed the former prime minister used his political connections to seek help for the firm.
The owner of the Whyalla steel mill says it is close to sealing a refinancing deal that may quell a push by creditor Credit Suisse to place it in liquidation.
Court action filed on Tuesday shows the investment bank and key lender to failed financier Greensill is playing hardball with billionaire tycoon Sanjeev Gupta’s assets.
Administrators told the first meeting of creditors that no ‘rescue package’ or deed of company arrangement had been put forward to save the group from liquidation.
With his biggest lender Greensill now in insolvency,Sanjeev Gupta faces a reckoning.
A US lawsuit is shining a light on how Greensill Capital drifted from the pedestrian world of working capital finance to a more speculative business.