Former Prime Minister David Cameron is reported to have made $10 million (£7.2 million) from Greensill Capital before the company collapsed in March. Cameron was revealed to have made $4.5 million (£3.25 million) after cashing in shares from the company in 2019, and a salary of roughly one million dollars a year for work as…
Greensill Gave 6 Government-Backed Loans to Sanjeev Gupta’s GFG on Same Day
Six of the seven loans that Greensill Capital gave to Sanjeev Gupta’s business empire were provided on the same day, new documents show.The six loans could cost the taxpayer up to £240 million and were so concerning to officials that they paused all government-backed lending by Greensill just days later. During the COVID-19 pandemic the…
Accountancy Watchdog Investigates Auditors for Greensill Capital and Gupta Lender
Investigations into the auditors of Greensill Capital and Wyelands Bank have been launched, the UK’s accountancy regulator announced on Monday. The Financial Reporting Council (FRC) said its Enforcement Division had started an investigation into accounting firm Saffery Champness in relation to its audit of the financial statements of Greensill Capital (UK) Limited for the year ending…
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