Fallen Australian financial wizard Lex Greensill hid details of related-party deals and phantom customers when securing insurance for some of his firm’s biggest clients, his firm’s insurance agency claims.
In Federal Court filings, the Sydney-based insurance agency of Mr Greensill’s collapsed firm, Greensill Capital, alleged the group did not disclose pertinent regulatory concerns and exorbitant fees.
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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
