finance

Cameron's return revives memories of Greensill finance scandal


Within weeks, Greensill lent the maximum possible, £400m, in eight loans to companies with links to one customer, steel tycoon Sanjeev Gupta. The rules of the scheme forbade lenders from extending more than £50m to any one single company. The government has said it will not honour the guarantees made on those loans.



READ SOURCE

Readers Also Like:  Dubai scraps 30% alcohol tax and licence fee in apparent bid to boost tourism

This website uses cookies. By continuing to use this site, you accept our use of cookies.