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Collapse of Lex Greensill’s troubled lender Greensill Capital could hit Telstra, CIMIC, Whyalla steelworks – NEWS.com.au
Collapse of Lex Greensill’s troubled lender Greensill Capital could hit Telstra, CIMIC, Whyalla steelworks
Telstra, construction giant CIMIC and the steelmaking town of Whyalla have all been swept up in the high-speed collapse of Australian farmer-turned-financier Lex Greensills global empire.But the local blue-chip firms on the hook for tens of millions of dollars worth of unpaid invoices have insisted it’s business as usual, distancing themselves from the Greensill operation and stressing there is no danger to their suppliers, or risk that they will not pay their bills.
“There is no financial risk…
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