Within weeks, Greensill lent the maximum possible, £400m, in eight loans to companies with links to one customer, steel tycoon Sanjeev Gupta. The rules of the scheme forbade lenders from extending more than £50m to any one single company. The government has said it will not honour the guarantees made on those loans. www.bbc.co.uk
Within weeks, Greensill lent the maximum possible, £400m, in eight loans to companies with links to one customer, steel tycoon Sanjeev Gupta. The rules of the scheme forbade lenders from extending more than £50m to any one single company. The government has said it will not honour the guarantees made on those loans.
www.bbc.co.uk
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