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Bundy billionaire clan's $40m land buying spree


The Greensills have snapped up more than $40m of land in the Bundaberg region over the last five years as they expanded their agricultural operations into one of the biggest in the state.
The acquisitions have allowed the Greensills to expand their broadacre production of sweet potatoes, peanuts and cane to gain lucrative supply contracts with national food brands including Coles, Bega and Edgell.
But there are worrying signs the operations could be collateral damage in the fall out from the Greensill Capital collapse, with signs the farms are under some financial pressure. Greensill Capital was worth an estimated $7bn before it collapsed and entered voluntary administration on Tuesday morning. ....

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Jet-setting family's billion-dollar business in tatters


Business
by Glen Norris
Premium Content
 
Among the commuter flights landing at Bundaberg Airport in late January was a million-dollar private jet owned by the Greensill clan.
The twin-engine Cessna 550 Citation Bravo, which was one of several Greensill private jets, had over the years made regular visits to the sugar city that remained the corporate headquarters of Greensill Capital, the family s financial empire.
But that January flight would be its last, with the billion-dollar business founded by Lex Greensill now in tatters. Earlier this month, the Cessna was transferred to a company controlled by the founder of Brisbane-based Alliance Airlines. Another jet, a Dassault Falcon registered in the Isle of Man, also has been sold as part of a fire sale of assets. ....

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