UK GOVERNMENT TO EXAMINE DAVID CAMERON’S ROLE OF GREENSILL CAPITAL

Highlights:

  • The government of United Kingdom is going to examine the Greensill Capital role of the former prime minister of UK, David Cameron
  • The government said that, the review is going to be looking at the use of supply chain financing and Greensill of government

On Monday, the government of the United Kingdom has announced an independent review into the contracts, which the government of UK has handed to the now-defunct Greensill Capital, and the role, that has been played by David Cameron, who is the former prime minister of UK has been lobbying on behalf of the company for the access to the taxpayer funds just months before the company’s collapse.

A spokesman for Downing Street said that, the government of the United Kingdom said that, a review, which will be led by the lawyer Nigel Boardman is going to be looking at the use of supply-chain financing and Greensill Capital by the government, and the review is going to be look at whether the company has been providing a good value for the taxpayers and how the contracts had been secured.

The implosion of the Greensill Capital has been spreading the damage across the world of finance, and it has also been hitting its financing partner known as the Credit Suisse Group AG along with its biggest outside investor, which has been a fund managed by the SoftBank Group Corp, and the tight connections of the Greensill with the world of politics have also been responsible for raising the concerns about the relationships of Greensill with the actors of the government in the United Kingdom and elsewhere.

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