The Australian parent company, which is controlled by Greensill founder and chief executive Lex Greensill, is a creditor in the UK administration process and is understood to be owed hundreds of millions of dollars. Mr Greensill is also a director of Greensill Capital UK.
Grant Thornton has told the Australian Securities and Investments Commission (ASIC) that Credit Suisse Asset Management, which held invoices arranged by Greensill in its supply chain finance funds, has security over some of the parent companys assets, and that Japans Softbank – which lent $US1.5 billion to Greensill in 2019 – is also a significant creditor.
Filings for the Greensill parent group, which is headquartered in Bundaberg, show shareholdings for a mix of Gree…
Read the full article at: https://www.afr.com/companies/financial-services/greensill-companies-pitted-against-each-other-in-claims-war-20210311-p579ro