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/PRNewswire/ -- Alternative financing has emerged as a game-changer for small and midsize businesses (SMBs) seeking capital to fuel their growth. As...
Lex greensill told panorama... he said the predicted sales were "future receivables", which "are commonplace in the financial services market". he said they were all "based upon future trade that is likely to occur with current customers". but we've discovered that's not true. so, you're nrg, you're an energy company, aren't you? we've obtained the names of the companies that lex greensill said were current customers of bluestone. this coal company, called bluestone, west virginia, sold coal to nrg. have you checked your records? these firms were supposedly due to buy tens of millions of dolla...
Lex greensill told panorama... he said the predicted sales were "future receivables", which "are commonplace in the financial services market". he said they were all "based upon future trade that is likely to occur with current customers". but we've discovered that's not true. so, you're nrg, you're an energy company, aren't you? we've obtained the names of the companies that lex greensill said were current customers of bluestone. this coal company, called bluestone, west virginia,
The UK’s Serious Fraud Office (SFO) has announced it is investigating potential fraudulent trading and money laundering at GFG Alliance, dealing another serious blow to the group’s efforts to find emergency funding after the collapse of Greensill. The SFO announced on May 14 it would probe “suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with Greensill Capital”. It is the first time enforcement authorities have announced ...
Greensill, which filed for insolvency in March, has faced widespread criticism for allegedly lending against hypothetical invoices – in some cases from companies that However, giving evidence to the UK parliament’s Treasury Committee on May 11, founder and chief executive Lex Greensill was asked by Labour MP Siobhan McDonagh about lending in situations where there “was no inventory and there was no invoice, there was no evidence of any activity or business whatsoever”. Greensill replied: “A condition of our facilities… is that they must do business with the customer. They must h...