Business
Sanjeev Gupta once owned a stake in Greensill – The Australian Financial Review
Sanjeev Gupta was not only the biggest user of Greensill finance, he was also a shareholder at one point, a report to creditors reveals.
Mr Gupta and Mr Greensills empires expanded together over several years and the businesses seemingly had risen to great heights by early 2020, as they fed off each other. GFG was Greensills biggest customer.
But GFG Alliance is now in a desperate race to refinance about $6 billion of funds previously sourced from Greensill, which went into administration early last month. One of Greensills key insurers refused to renew policy cover, prompting major funder Credit Suisse to shut four managed funds,…
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