Greensill stripped of government guarantee on loans to metal tycoon
Greensill Capital has been stripped of a government guarantee on loans to the metals tycoon Sanjeev Gupta’s empire, after deciding it had breached the terms of pandemic lending programmes.
According to reports, British Business Bank (BBB) has informed Greensill that it is removing a taxpayer guarantee following an investigation into the UK-based fintech company's compliance with the rules of the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
Greensill, which has a technology hub in Warrington, is the brainchild ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
