Sanjeev Gupta has claimed that Lex Greensill repeatedly reassured him not to “worry about the documents” that underpinned billions of pounds of loans the financier’s eponymous firm extended to the steel magnate’s business empire.
Greensill Capital collapsed in 2021 after lending more than $5bn to Gupta’s GFG Alliance group of metals companies, which are now subject to a UK Serious Fraud Office probe focusing on their financing arrangements with the once high-flying lending start-up.
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