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Greensill Cited 'Political Steers' on Gupta Loans, Probe Finds

Article content The British Business Bank had granted Greensill the ability to make 400 million pounds ($551 million) of loans with guarantees from the U.K. government under a pandemic relief program. A combined 350 million pounds was extended to companies in the GFG Alliance, including six loans totaling 300 million pounds on a single day in September 2020, the audit office said, citing a British Business Bank review. Greensill collapsed in March after a key partner refused to extend crucial t...
United Kingdom Seema Malhotra Sanjeev Gupta Aar Tee Commodities Ltd Postmedia Network Inc Uk Department For Business

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