Financing group Greensill issued false statement on bonds sold by metals tycoon Gupta
Scotland denies providing any approval
07 July 2019 - 18:08
London — Financing group Greensill Capital, backed by Japan’s SoftBank Group and General Atlantic of the US, in 2018 provided a false statement to market participants relating to bonds it had issued in 2017 on behalf of commodities tycoon Sanjeev Gupta.
The May 2018 statement made to bond market investors and brokers said the Scottish government had approved a guarantee related to a hydro power plant in Kinlochleven owned by Gupta’s GFG Alliance, which the bonds were secured against...
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