What are the Facts of the Greensill Scandal?

Most Validated
Feb 24, 22

Lex Greensill had preferential access and approach within Downing Street.

Lex Greensill had an unofficial role advising Cameron’s government. He had free access to 11 departments, with an official email address and visiting card. Later, he even became ‘crown commissioner’.

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Less Validated
Feb 24, 22

Former British Prime Minister, David Cameron, lobbied for Greensill.

An independent inquiry, initiated by 10 Downing Street, was led by legal expert Nigel Boardman to probe into the role of David Cameron’s lobbying for Greensill, after he served for the government.

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Less Validated
Feb 24, 22

Lex Greensill has put over 50,000 jobs at risk following the collapse of his company.

Australian banker, Lex Greensill, launched Greensill Capital, a financial services company in Britain. Following its collapse in march 2021, 5,000 jobs in Britain and 50,000 jobs in the steel sector have been put at risk.

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Less Validated
Feb 24, 22

The Greensill controversy has cost the UK heavily, sparking a crisis encompassing the public, banks, and the Cabinet.

Following the demise of Greensill, 440 jobs have been at stake. Banks and investors backing Greensill are red-faced, and multiple inquiries into senior UK Cabinet officials have sparked a political crisis.

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Unchallenged
Feb 24, 22

Greensill attempted to access the largest government-supported COVID loan using CCFF (Covid Corporate Financing Facility).

In 2020, Mr Cameron approached two Treasury ministers and Chancellor Rishi Sunak on behalf of Greensill, requesting a government-supported COVID loan. Although denied, Greensill was approved as an accredited lender on CLBILS (Coronavirus Large Business Interruption Loan Scheme).

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Unchallenged
Feb 24, 22

Custodians of the UK’s financial stability did close to nothing to stop Greensill from accessing funds.

Neither the Bank of England nor the Treasury prevented Greensill from accessing funds, much of which was used in dodgy loans. This is surprising considering Greensill’s questionable links to steel magnate Sanjeev Gupta and suspect operations.

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Unchallenged
Feb 24, 22

Despite Boris Johnson’s claims of being clean and rejecting pleas for Greensill’s loan, several questions remain unanswered.

Although Johnson’s government rejected access to the Covid Corporate Banking Facility and refused to increase the size of loans, questions around Greensill’s multiple meetings with Treasury members, Tom Scholar and Charles Roxburgh, remain.

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Unchallenged
Feb 24, 22
Unchallenged
Feb 24, 22

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Feb 24, 22
Unchallenged
Feb 24, 22
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Feb 24, 22

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Unchallenged
Feb 24, 22