Business
Lex Greensill: Why the green energy backer lost his billions – The Saturday Paper
For years, the rise of the Bundaberg farmer’s son turned London banker seemed unstoppable. Then things started to fall apart.
Lex Greensill started the week as a billionaire. Within days, the boy from Bundaberg had lost his empire.
The collapse of his fortune is, in part, explained by close links to Australias biggest renewables investor, Sanjeev Gupta. And as such, Greensills trouble may drag down Guptas global empire, with jitters already spreading to the 1200 workers at South Australias Whyalla steelworks, which was purchased by the Gupta Family Group (GFG) Alliance in 2017.
The Financial Times reported that about 60…
-
General22 hours agoBunbury man Stanley J Clemons sentenced for shooting neighbour’s dog
-
Noosa News13 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
General12 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General10 hours agoBritish and US planes fly 12-hour mission to patrol Russian border