[MEDIA] 'Greensill Capital lent around US$5bn (£3.6bn) to GFG...

  1. 2,541 Posts.
    lightbulb Created with Sketch. 880


    'Greensill Capital lent around US$5bn (£3.6bn) to GFG Alliance - a group of companies controlled by the steel magnate Sanjeev Gupta... Internal documents reveal that Greensill Capital knew GFG was in financial trouble by the start of 2020 because it was unable to make payments on Greensill loans.' - BBC





    Duration: ~ 29 mins.

    This program aired on the BBC in the UK overnight. For those who are interested, the coverage centres on Greensill and Gupta (from the 16 min mark); Cameron is click-bait.

    A majority of HAV shareholders saw through GFG in September 2019 when they rejected a 'bid to earn up to a 51 per cent stake' in the company.

    'Dodged a bullet' comes to mind.

    DYOR
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.