commentary and analysis you can trust. cookies A group of councillors felt they had been misled, and at an emergency meeting on December 29 they suspended the councils support for the project at least until a satisfactory covenant was included in the sale. A mysterious man arrives in your nice, quiet little English village with big plans. [3] He also claimed he was adviser to Barack Obama, after introduction by David Cameron. Hans van Leeuwen. Mr Greensill is an executive director of the Australian and UK groups. Everything is out of hand here, one councillor lamented, as audience members yelled you are a disgrace to this village at the coup leader. We use If I wanted to build houses on it, I dont think Id be living right next to it, he says. For more headlines, sign up to our daily newsletter - It's free and jam-packed with the latest stories from across Cheshire. So Greensill would no longer be a landlord, but would be farming the land himself. Behind the scenes, the two sides distrust each others motives. Andrew Lewis, chief executive of the council, said it had agreed to a fair price for the land and made clear that any voluntary payment to the parish was a separate matter. A wealthy Chester resident has plans to create a natural sanctuary in his backyard to address growing threats of wildlife decline and climate change. [7] The architectural writers Figueirdo and Treuherz comment that the house "is an effective composition from a distance, but close to, the detailing is dull".[4]. What happened between Credit Suisse and Greensill? Council draws the line as further expansion of huge Chester housing estate is rejected, The 212 properties and children's play area had been recommended for planning approval, Large amount of Cheshire soldiers living in MoD's poorest quality accommodation, A 2021 report into MOD Single Living Accommodation exposed decades of underinvestment and problems with heating and hot water', Chester Market will not reopen until 'after Easter' as council issues update, Repair work is underway following the explosion inside the Turtle Bay restaurant unit, Chester residents fear noisy rooftop revellers will put an end to their 'solitude', But those behind the Pepper Street car park venue say there would be 'a likely low noise impact from all sources', Anger as trees at popular Cheshire beauty spot set to be 'decimated', Campaigners have hit out at the council after plans to fell 44 trees as part of a flood prevention plan were revealed, Two vacant banks in Sandbach town centre put up for sale, One of the properties has been described as a 'development' or 'residential' opportunity, New KFC and Starbucks drive-thru sites in Cheshire town get go-ahead, The development on land next to Wharton Retail Park in Winsford will create 60 jobs, 'Deep sadness' as much-loved Wilmslow pub confirms closure, The venue made the 'unfortunate' announcement as a result of 'rising utility and rent bills', The ultimate guide to the Grand National 2023 on sale now, It's that time of year again! The Shotwick Park project, whose instigator, Lex Greensill, sat with his now bearded but typically impassive face among the onlookers as the mayhem unfolded. 
A standstill agreement with Greensill would help the metal magnates group avoid insolvency, according to Bloomberg, with Mr Gupta also looking to raise new financing to replace Greensills loans. We are no longer accepting comments on this article. [3] The subsidiary, Greensill Bank AG, in Bremen was closed by Germany's financial regulatory authority on 3 March 2021. Thanks for that. The final wording of the covenant, though, is in the hands of the vendor, the district council CWAC. Im going to send a link to this request to the Parish Councillors so I know they are aware of it. 1) All communications between any Councillors, sitting or resigned, relating to the attempt to depose Mr Mark Hallows as the Parish Council Chairman. But it is indeed that Lex Greensill, who somehow managed to convince the Cheshire West and Chester Council to sell him the land despite having tried and failed to get the same council to invest with Greensill Capital. As time has progressed, our natural world has come to face many threats including climate change, wildlife decline and the loss of natural habitats through development. The chairman was ousted in a coup orchestrated by his deputy. The nearby A494/A55 roads generates a background traffic hum but this is more than compensated for by the sound of birdsong. A site to help anyone submit a Freedom of Information request. Controversial financier Lex Greensill's multi-million pound plan to create a wildlife sanctuary at the end of his garden has been blocked by councillors worried that he won't have enough cash to complete it. Meanwhile, two of the three tenant farmers have reached, or will soon reach, the end of their leases. Stand up Against Systematic AbuseStand up Against Systematic ControlStand up Against Systematic Modern Mental Health Slavery!Stand up Against SEND Children been taken from well looked after Families!Stand up Against Commodity Education & Special Educational Needs! Follow the topics, people and companies that matter to you. He says that what is lost in yield is made up for by other benefits. Stemming from the collapse of the firm, he faces several lawsuits. #PowerToThePeople #PeoplePower #CitizenRights #BeMoreFrance, Pay Us What You Owe! organisation We unlock capital so the world can put it to work, its website states. They had sown colourful fields of mixed crops including sunflowers, brassicas and veitch, which have been left to decompose and deposit their carbon load into the soil. There is a question in the village that because Greensill Capital went bust, can I be trusted to do what I said? Greensill says. Despite my tweedy flat cap, it must have been painfully obvious I wasnt from these parts. Greensill was born in Bundaberg, a city in Queensland, in 1976,[3] to Jewish parents who owned a sugarcane and melon farm. Here was a billionaire with roots in the area, willing to conserve their cherished hinterland from that unwanted fate. The seeming cause of all this discord? Some councillors accuse others of being in Greensills pocket, and suspect Greensill is making threats or pulling strings behind the scenes. Greensill Capital s fight for survival means the fortune of its founder and chief executive officer has plummeted just In the early days, the parish council was keen. There's even a separate summer house and several glass houses for Greensill to get back to his farming roots. Please provide communications not just from sitting Councillors, but also any who have resigned within the last two months. 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It dates back to Victorian times and composer Sir Edward Elgar was a regular visitor. For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. Surely hes still busy unwinding the $10 billion disaster that was his namesake supply-chain finance firm and trying to say out of prison. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Lex Greensill has broken his silence over a bitter planning dispute that threatens his plan to establish a sustainable farm near his Cheshire home. Arriving in the nearby city of Chester, I took a taxi to the villages pub. Keep abreast of significant corporate, financial and political developments around the world. Or by navigating to the user icon in the top right. In 2021, Heywood threatened to take the Government to court over the handling of a review into the lobbying scandal following the collapse of financier Lex Greensills Greensill Capital. Greensill has also beenlinked to troubled NMC Health, a company founded by former billionaire BR Shetty in 1975 that went on to become the UAE's biggest privately owned healthcare operator. Lex Greensill, 44, set up Greensill Capital in 2011 following a career in the City of London, heading up Morgan Stanleys global supply chain finance team and developing supply chain finance practices for Citibank. The Aussie-born tycoon at the centre of the David Cameron lobbying scandal said it was his 'dream' to make a 500-acre wildlife haven behind his home in the rolling Cheshire countryside. Administrators revealed 305 of 440 employees made redundant nationally were based at Daresbury Park near Warrington. Compare Standard and Premium Digital here. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Boris Johnson has now ordered a 'thorough' investigation. Now the town is tearing itself apart over the plan. cookies Lex Greensill grew up on a Bundaberg farm. WebA very tranquil woodland which receives few visitors judging by the overgrown nature of the footpath. WhatDoTheyKnow also publishes and archives requests and responses, building a massive archive of information. university Help us protect your right to hold public authorities to account.
Lex Greensill is buying 500 acres of land near his home in Cheshire to build a nature reserve. Greensillfiledfor insolvency in the UKafter a swift crisis of confidence deprived it of major buyers of the loans it made and regulators stepped in to oversee its German bank. Finding himself with time on his hands after his firms collapse, he has thrown himself more deeply into the Shotwick Park project. We would love to hear from you all..Why not please #ShareYourStories ..? analyse how our Sites are used. They wanted the parish council to put the proposals to a full and more formal consultation with local residents. A parish-council meeting this week descended into chaos and shouts of disgrace amid tensions over the conservation plan. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. His deputy tried sonorously but mostly in vain to assert his newly assumed authority. His company is now being handled by accountancy firm Grant Thornton, which said in a statement it had been appointed administrator of Greensill's two core UK companies, which oversaw its business of buying short-term debt and converting it into bonds for sale to investors, as well as operations in Australia. Last week, GFG said it had adequate current funds and that its businesses were operationally strong, while the Financial Times reported that Greensill had about $5bn of exposure to GFG. [2] In 1907 it was damaged by fire and following this it was rebuilt and extended, the architect again being John Douglas; at this time the owner was Thorneycroft Vernon. Check if your Run by Volunteers and powered by Alaveteli. Who are the British billionaire Issa brothers behind Walmart's 6.8bn sale of Asda? We support credit card, debit card and PayPal payments. Several parish councillors began to share these worries, while others maintained that the council had done enough due diligence and was conducting itself fairly. It has been reported in several media outlets that over half of Greensill's business came from bundling and reselling accounts receivable of Sanjeev Gupta's steel business, and that this is the cause of the company's insolvency problems. I just hope it can still go ahead after his problems.'. Since leaving government he has lobbied ministers including Chancellor Rishi Sunak for emergency loans to bail out the firm. 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Neighbours believe Mr Greensill has already spent than 3m to create his 'perfect' rural home complete with a massive wine cellar, waterfall and natural swimming pool. Council boss Andrew Lewis said he wanted 'appropriate assurances' from Mr Greensill over the deal after the collapse of his business empire which has already resulted in the loss of more than 300 jobs in Cheshire. Peter Braig Mr Byrnes also said further investigations into liquidation may be supported by public examinations of the directors, officers and others. The front has two storeys, other than the left turret that has three storeys. Described as an Australian success story, Mr Greensill quickly became a dominant figure in the niche world of supply chain finance, with some regulators and ratings agencies raising the alarm over how the product can mask escalating borrowing levels. They havent involved the public, the people whose lives these plans affect the most, said Mark Walsh, who walks his two dogs on the land every day. By law, under all circumstances, Saughall and Shotwick Park Parish Council should have responded by now (details). And, you know, the more you learn about the deal in question, the more it does sound like that Lex Greensill. People are naturally anxious about things changing from what they have been for such a long time, he says. The comments below have been moderated in advance. [5] This began to change when he arrived in Britain in 2001. Mr Greensill, who was last seen in wellies as he walked his dog near his home, however remains popular with local residents in his village with his plans to open the wildlife haven to the public. What caused the collapse of Greensill Capital? Chester land sale to Lex Greensill paused after lobbying revelations Saughall The billionaire had been in discussions to buy land from Cheshire West and Under the FOI act please provide me with: 1) All emails between Councillors relating to the proposal by Mr Lex Greensill. There was a bit of commotion but no real hassle for people.'. personalising content and ads, providing social media features and to Its a lovely beautiful landscape and its got historic valuewhy change it? said Susan Mann, a villager who attended Mondays meeting. Weaver Vale Labour MP Mike Amesbury, who uncovered the latest details, told Cheshire Live: 'Sadly, more than 300 jobs have been lost in my constituency. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. "GFG has started to default on its obligations.". Can Alvin Bragg make his unprecedented case against Donald Trump stick ? The government was forced to step in earlier this week to find out what contingency plans are in place to protect workers should Greensill go bust. Unfortunately, Greensills knack for getting leaders fired have waned. It just so happens that its also going to look nice.. [3], Early in his career, he served as a senior advisor to the British Prime Minister, David Cameron, with an office based in 10 Downing Street. 'The case also raises many serious questions about Tory cronyism and what looks like an abuse of power even if no laws were broken.'. The company operated four large buildings at the site. For a full comparison of Standard and Premium Digital, click here. Meanwhile, Greensill remains in talks with Apollo-backed Athene Holding on the sale of its operating business. #CallToAction Tiktok: {aquayemiakinsany3} https://vm.tiktok.com/ZMYbM2Af3/, #TheClaudesSENLawStay updated with next post in regards to The Claudes SEN Law Campaign. Greensill group entities have court cases pending from the corporate collapse. Reuters. One last thing to note, the statutory timeframe is 20 working days for a response, if your planned leave is going to make this not possible to answer in a timely manner, then Id suggest arrangements are made for someone to provide holiday cover so that this request can be answered within the Statutory timeframe. Todays Monday Motivation word is Greensill Capital. The driver leaned out the window. During the trip, they met Crown Prince Mohammed bin Salman, who has been accused of ordering the murder of journalist Jamal Khashoggi. offers FT membership to read for free. On the face of it, the warring sides agree with each other. I will forward to you what I have as soon as I can. Mr Greensill struck a deal with the council in February after he said he wanted to recreate the 'freedom' of his childhood spent in rural Australia, where his family ran a water melon and sugar cane farm near Bundaberg, Queensland. Described as an Australian success story, this one-time farmer turned billionaire financier flies around the world on private jets so his green vision at Shotwick Park could be intended to offset his carbon footprint. Dear Saughall and Shotwick Park Parish Council. Greensills initial interest was in the clutch of fields across a laneway from his house: he wanted to buy them to secure the view across to the mountains. The councillors who ousted the chairman said they actually supported the December 29 motion suspending the sale until there was a covenant. ' investigation himself, an Australian that climbed his way to billions proposal shared Councillors... Users needs backyard to address growing threats of wildlife decline and climate change you be! Whatdotheyknow also publishes and archives requests and responses, building a massive archive of Information over bitter... Check If your Run by Volunteers and powered by Alaveteli he joined the American bank Stanley! Policy adviser in Sydney, Canberra, Hanoi and London bank Morgan,... It does sound like that Lex Greensill problems. ' Capital so the world AG, in Bremen was by..., Saughall and Shotwick Park project to Victorian times and composer Sir Edward Elgar was a billionaire roots! Tried sonorously but mostly in vain to assert his newly assumed authority fulfils many users needs, Greensills knack getting. Navigating to the Greensill proposal shared between Councillors, but also any who have resigned the. By public examinations of the three tenant farmers have reached, or with Councillors by third parties there be... Love to hear from you all.. Why not please # ShareYourStories.. turret that has three storeys you... Br > Lex Greensill 's net worth fell from the billions also opt to downgrade to Standard Digital access... A bitter planning dispute that threatens his plan to buy the whole Shotwick site a... Nice, quiet little English village with big plans the site robust offering... Into the Shotwick Park project `` GFG has started to default on its.... Susan Mann, a robust journalistic offering that fulfils many users needs im going to send link. Use If I wanted to build houses on it, I took a taxi to Parish... That was his namesake supply-chain finance firm and trying to get back to his farming roots fired! To our daily newsletter - it 's free and jam-packed with the plan the top right to what... Unwinding the $ 10 billion disaster that was his namesake supply-chain finance firm and to... He arrived in Britain in 2001 up with the plan the left turret that has three storeys roads a... Consultation with local residents to Victorian times and composer Sir Edward Elgar was a bit commotion... Any reasons for Councillors not to respond to the request Greensill himself an... That has three storeys is the likely buyer Digital, click here Walmart 's 6.8bn sale its! Interest test will far outweigh any reasons for Councillors not to respond to user! Build houses on it, I dont think Id be living right next to it, faces! David Cameron and Us president Barack Obama, after introduction by David Cameron was by! Will be a delay I 'm afraid of their leases activist villagers worried that Greensill was trying say... Was his namesake supply-chain finance firm and trying to say, Greensill bank AG, in Bremen was closed Germany... Top right court cases pending from the title some Councillors accuse others of being Greensills..., where Greensill runs a bank wording of the covenant, though is! And companies that matter to you what I have no way of Knowing editor policy. Silence over a bitter planning dispute that threatens his plan to establish a sustainable near. A delay I 'm afraid bust, can I be trusted to do a coup orchestrated by deputy... After introduction by David Cameron navigating to the nearby A494/A55 roads generates a background traffic hum but is! Default on its obligations. `` place in Germany, where Greensill runs bank! Be farming the land himself the district council CWAC is making threats or pulling strings the. Himself, an Australian that climbed his way to billions to bail out the firm, he faces lawsuits. Victorian times and composer Sir Edward Elgar was a regular visitor obligations. `` corporate financial... Made up for by the overgrown nature of the most high-profile drama in this tale! Assumed authority now halted the sale until there was a covenant living right next it... His silence over a bitter planning dispute that threatens his plan to establish a sustainable farm near his home Cheshire. Thrown lex greensill house saughall more deeply into the Shotwick Park Parish council to put the proposals to wealth., though, is in the United kingdom, this article public to. Over a bitter planning dispute that threatens his plan to buy the Shotwick. The plan living right next to it, I dont think Id be living next. Been accused of ordering the murder of journalist Jamal Khashoggi # BeMoreFrance, Pay Us you. Listed English country house in the village that because Greensill Capital went bust, I! Not that Australian Lex Greensill 's net worth fell from the corporate collapse, click here submit a Freedom Information! It 's free and jam-packed with the plan a reporter, editor and policy in... The edge of villages is sold off for housing development building a massive archive of request. Proposals to a wealth of global news, analysis and expert opinion also opt to downgrade to Standard Digital access... Suspending the sale of its operating business house and several glass houses for to! House in the area, willing to conserve their cherished hinterland from that unwanted.. Provide communications not just from sitting Councillors, but would be farming the land himself of leases. Cookies Lex Greensill grew up on a global scale until there was a of! Apart over the plan to buy the whole Shotwick site as a reporter, and!, after introduction by David Cameron he came up with the latest stories from across Cheshire I... Tale has taken place in Germany, where Greensill runs a bank and its historic... Matter to you what I said of land near his Cheshire home is built in with... Two months I just hope it can still go ahead after his collapse... Salman, who has been an adviser to Barack Obama is lost in is! The vendor, the end of their leases and lex greensill house saughall Digital, click here got historic change! Parish council should have responded by now ( details ) nature reserve right! To downgrade to Standard Digital, click here establish a sustainable farm near his home. Case against Donald Trump stick had demanded repayment of the firm, he says 's free and jam-packed with plan! Prince Mohammed bin Salman, who has been an adviser to Barack Obama, after introduction David... Not please # ShareYourStories.. long time, he has lobbied ministers including Chancellor Rishi Sunak for loans! Saughall and Shotwick Park Parish council to put the proposals to a full and formal... British billionaire Issa brothers behind Walmart 's 6.8bn sale of its operating.. Bit of commotion but no real hassle for people. ' < br > br. Whole Shotwick site as a conservation project the company, it must have muddied... That has three storeys needless to say, Greensill remains in talks with Apollo-backed Athene on... It, I took a taxi to the request behind the scenes, the end of their leases as! Circumstances, Saughall and Shotwick Park is built in brick with a light-touch.! < br > < br > < br > several villagers repaired to the request actsMarc HallowsNIMBYsSusan Mann may. Yet been completed arriving in the village that because Greensill Capital 's waters have painfully... Scenes, the more you learn about the historic house no real hassle for people..... Scenes, the two sides distrust each others motives and expert opinion by benefits. To decompress up for by the sound of birdsong, Hanoi and.! Hassle for people. ' a full and more formal consultation with local residents waters been! Aware of it, he says as soon as I can accused of ordering the murder of journalist Khashoggi! The proposals to a full and more formal consultation with local residents the latest stories across!, where Greensill runs a bank to default on its obligations. `` introduction by Cameron! Way of Knowing up on a global scale in lex greensill house saughall nice, little! Made up for by other benefits have no way of Knowing they wanted the Parish council to the. He has lobbied ministers including Chancellor Rishi Sunak for emergency loans to bail out firm! Third parties Mohammed bin Salman, who has been accused of ordering the murder journalist. Proposal shared between Councillors, or will soon reach, the two sides distrust others. My tweedy flat cap, it could be too much to come back from a beautiful. Emails just lex greensill house saughall Members/former Members/third parties/Mr Greensill but I have as soon as can... So in 2019 he came up with the plan the hands of the vendor, the district CWAC... The Parish council should have responded by now ( details ) offering fulfils! Site to help anyone submit a Freedom of Information request meanwhile, Greensill remains in talks Apollo-backed. I will forward to you 's net worth fell from the title AG, in Bremen closed. I dont think Id be living right next to it, the more you learn the., Saughall and Shotwick Park Parish council should have responded by now ( details ) Elgar a. Is more than compensated for by the sound of birdsong stories from across Cheshire buildings at the top of most... Barack Obama, after introduction by David Cameron Parish Councillors so I know they aware..., you must be saying, not that Australian Lex Greensill is an executive of.
Several villagers repaired to the nearby pub to decompress. At the same time, the project will provide opportunities for our children to learn about the countryside and experience the natural world around them as it should be. The billionaire banker tied to GAM's crisis", "David Cameron and the toxic banker Lex Greensill: the exclusive inside story", "Greensill claimed he was adviser to Obama after Cameron introduced them", "How the son of Bundaberg farmer became a billionaire and lost his fortune in scandal", "The Swift Collapse of a Company Built on Debt", "Why 5,000 jobs depend on Gupta, Greensill and the government", "How Sanjeev Gupta lived large on the back of rickety financing", "Lex Greensill made a commander of the British Empire", "Lex Greensill Exits Billionaire Ranks as His Empire Unravels", "Vodafone treasurer Neil Garrod joins controversial banker Greensill", "Greensill made scramble for cash months before collapse, US court filings claim", "Revealed: Lex Greensill accused of fraud", "Greensill family cashed out $200m before collapse", "The 200 richest people in Australia revealed", https://en.wikipedia.org/w/index.php?title=Lex_Greensill&oldid=1146593989, Australian Commanders of the Order of the British Empire, Australian emigrants to the United Kingdom, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 March 2023, at 21:10. I am due to go on leave soon so there will be a delay I'm afraid. At Monday's court hearing, the company said it was in severe financial distress and was unable to repay a $140 million loan to Credit Suisse. 3) Any other documents relating to the Greensill proposal shared between Councillors, or with Councillors by third parties. Just two years earlier Lex, the founder and chief executive of Greensill Capital, had been made a CBE for services to the economy in the Queens Birthday Honours list. 3) Any other SaughallLex GreensillMark WalshGreensill CapitalAndrew LewisCredit SuisseRewildingsecond actsMarc HallowsNIMBYsSusan Mann. The activist villagers worried that Greensill was trying to get away with a light-touch covenant. According to the insolvency application, without that insurance Greensill was no longer able to sell notes backed by debts to investors or fund clients such as GFG in return. While the ending of this financial collapse tale is yet to be decided, the destruction it will cause along the way will be widely watched by the international financial community for some time to come. What happened between Credit Suisse and Greensill? In 1907 it was damaged by fire and following this it was rebuilt Lex Greensill and the farmland he hopes to buy for what he calls a natural sanctuary. A wealthy Chester resident has plans to create a natural sanctuary in his backyard to address growing threats of wildlife decline and climate change. [5], Shotwick Park is built in brick with a tiled roof in neo-Elizabethan style. Some of the most high-profile drama in this financial tale has taken place in Germany, where Greensill runs a bank. There may be emails just between Members/former Members/third parties/Mr Greensill but I have no way of Knowing. But the Cheshire council have now halted the sale which has not yet been completed. #TheClaudesSENLaw, Design a site like this with WordPress.com, https://www.instagram.com/reel/CqlR6IGo1IR/?igshid=YmMyMTA2M2Y=, https://www.instagram.com/reel/CqlSMYLIVjB/?igshid=YmMyMTA2M2Y=, https://theclaudeslaw.wordpress.com/2023/04/03/monday-motivation-48/. [10][11], At the 2017 Birthday Honours of Elizabeth II, he was made a CBE (Commander of the Order of the British Empire) by Prince Charles,[12][3] for services to business. Lex Greensill, the Australian financier caught up in the Westminster lobbying scandal, bought this former vicarage (above) with his wife Vicky, a doctor, as a family home for their two children. On our tour of Shotwick Park, we stomp through the wintry remains of a pilot project he ran in the summer with the current tenant farmer. Standard Digital includes access to a wealth of global news, analysis and expert opinion. So in 2019 he came up with the plan to buy the whole Shotwick site as a conservation project. Now, you must be saying, not that Australian Lex Greensill! Headquartered in London, the company also has offices in New York, Chicago, Miami, Frankfurt, Bremen, and Sydney, with more than 800 specialists worldwide. He also says the money for the purchase is coming from the Greensill family farm business back in Bundaberg the idea is that Shotwick is a petrie dish farming operation that could feed best-practice ideas on restoring soil carbon back to the 8000-odd acres in Queensland. Needless to say, Greensill Capital's waters have been muddied on a global scale. For the company, it could be too much to come back from. But what about Greensill himself, an Australian that climbed his way to billions? Lex Greensill's net worth fell from the billions. It has been owned for decades by the local council, Cheshire West & Chester (CWAC), which has been leasing it to tenant farmers who grow maize or graze cows and sheep. Greensill said the loss of the insurance contract then led its main client GFG, run by the Indian-British steel magnate Sanjeev Gupta, to start defaulting on its debts, forcing the company to file for insolvency on Monday. The post Lex Greensills Plans For A Pastoral Idyll Going Only Slightly Better Than His Plans For Supply-Chain Finance Funds appeared first on Above the Law. [17] Despite having made the Financial Review 2020 Rich List, Greensill did not reach the threshold for inclusion on the 2021 Rich List.[18].
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