Manchester University graduate with ties to David Cameron could be barred from running companies
manchestereveningnews.co.ukLegal proceedings are being taken against former Manchester University business student Lex Greensill to prevent him from running another business or company for 15 years - following the Greensill Capital scandal that implicated senior members of the British political establishment, including former Prime Minister David Cameron.
The Department for Business' Insolvency Service is bringing legal action against Mr Greensill for his conduct while running the multi-billion pound supply chain financing company, which collapsed in 2021 after it emerged that it had accrued large piles of debt and made potentially risky investments based on projected future sales.
Its collapse cost the UK around £5bn. Lex Greensill had worked as a senior advisor to Prime Minister David Cameron while he was in office 2010-2016, while still running Greensill Capital.
Then, two years after the now Foreign Secretary had left office, he was given a job with lucrative stock options worth millions, which Lord Cameron ultimately sold at an estimated cut-rate price of £7 million. READ MORE: Buyout of British company could be blocked over sugar price rise concerns Then when the Covid pandemic hit, the former PM sent over 60 messages to various ministers and officials offering them Greensill's services.
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