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Greensill creditors vote for Australian liquidation, probes of directors to follow

FinanceGreensill creditors vote for Australian liquidation, probes of directors to follow Paulina Duran 3 minutes read The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. REUTERS/Fabian Bimmer//File Photo Creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, voted on Thursday to liquidate the company, its administrator said, triggering deeper investigations into the conduct of its directors. Grant Thornton (GT), the liquidator appointed for the Australian parent and its operating companies in Britain, said the majority of 26 creditors owed A$4.6 billion ($3.6 billion) by the collapsed financier voted for liquidation. The liquidators will continue to identify and realise available assets, monitor developments in relation to the administrations of Greensill UK and the Greensill Bank AG, and continue their investigations in relation to Greensill Capital Pty, GT said in a statement.

Scandal-hit Greensill parent group enters liquidation » Borneo Bulletin Online

April 23, 2021 LONDON (AFP) – The Australian parent of failed specialist finance firm Greensill Capital Pty Ltd, whose recent collapse sparked worldwide corporate fallout and a political scandal in Britain, has entered liquidation, administrators said yesterday. The demise of Greensill Capital Pty Ltd is the latest chapter in a saga that has ensnared Conservative politicians including ex-prime minister David Cameron. The company had filed for bankruptcy last month for its operations in Britain, and also in Australia where its parent group is based and Germany where it has a banking arm. Greensill’s implosion threatens about 50,000 jobs at companies that relied on its supply chain financing, including the steel empire of Indian-British billionaire Sanjeev Gupta.

Scandal-hit Greensill parent group enters liquidation | Money

Thursday, 22 Apr 2021 05:35 PM MYT Logo of Greensill Bank is pictured in downtown Bremen March 10, 2021. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. LONDON, April 22 The Australian parent of failed specialist finance firm Greensill Capital, whose recent collapse sparked worldwide corporate fallout and a political scandal in Britain, has entered liquidation, administrators said today. The demise of Greensill Capital Pty Ltd is the latest chapter in a saga that has ensnared Conservative politicians including ex-prime minister David Cameron.  The company had filed for bankruptcy last month for its operations in Britain, and also in Australia where its parent group is based and Germany where it has a banking arm.

Greensill parent group placed in liquidation

Greensill parent group placed in liquidation
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