Lex Greensill faces possible public grilling over company collapse
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Lex Greensill, the founder of Greensill Capital, could be hauled before public examinations by liquidators as they probe the reasons behind the $9 billion companyâs unexpected collapse.
Administrators of the fallen financierâs Australian head company have recommended the group be placed in liquidation given they have not received any offer to salvage the Australian parent of the London-headquartered group.
Matt Ayres, partner at administrator Grant Thornton, said in a report to creditors released on Thursday night that placing the company into liquidation would also allow for more investigations to be undertaken into the groupâs affairs, including whether it was trading while insolvent on a cash flow test basis.
Lex Greensill faces possible public grilling over company collapse
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Lex Greensill faces possible public grilling over company collapse
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