Sanjeev Gupta, Cameron and Greensill
Discussion
It looks like a scam is emerging. When I read Gupta's Liberty borrowed money from Greensill via Supplier/trade finance I thought, OK, sounds like an easy way to print money from non existent sales. Something akin to Enron.
The chap begs the Government for a 170M bailout all the while renovating his £50M Belgravia home (purchased 9 months ago).
I wonder how much he owes Greensill. I wonder how much he sucked out of the companies for his personal use. He also had £400M of cover loans approved.
The chap begs the Government for a 170M bailout all the while renovating his £50M Belgravia home (purchased 9 months ago).
I wonder how much he owes Greensill. I wonder how much he sucked out of the companies for his personal use. He also had £400M of cover loans approved.
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