The rapid and total implosion of Australian financier Lex Greensill’s empire has morphed into an unseemly bunfight, involving a complex web of claims and cross-claims that will play out, painfully and protractedly, in courtrooms and creditors’ meetings in potentially a dozen countries.
With Lex gone to ground, the impact is rippling far beyond Greensill Capital itself to banks, insurers and corporations, with Greensill’s biggest client, steel tycoon Sanjeev Gupta’s global GFG Alliance, caught in the crossfire.
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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
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
