The Insolvency Service has begun legal action to have Lex Greensill disqualified from running companies for up to 15 years after the outcome of an investigation into the directors of his failed finance firm.
The government agency said it had issued disqualification proceedings on behalf of the business secretary against the former Australian sugar farmer, who founded the Greensill group of companies.
Greensill Capital which specialised in supply-chain finance, where companies borrow money to pay suppliers raised huge amounts from banks including Credit Suisse before it collapsed in March 2021.
It became the subject of one of the UKs biggest lobbying scandals after it emerged that David Cameron, the former prime minister who is now foreign…
Read the full article at: https://www.theguardian.com/business/2024/mar/07/uk-insolvency-service-director-ban-lex-greensill-capital