Insurance Australia Group allegedly offered to cover $60 million in debts from a British Virgin Islands-incorporated company with purported links to Russian oligarchs and a skyscraper project, it can be revealed.
A new lawsuit has alleged the BVI company had rolled over its debts for years, thanks to top-ups from the Greensill supply chain finance group, by the time Sydney-based IAG became involved.
Loading...
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
