Failed financial empire Greensill can’t pay Australian staff made redundant

Failed financial empire Greensill can’t pay Australian staff made redundant

The Guardian

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The company owes at least $1.75bn and faces a possible additional claim of about €2bn, the administrator says

Greensill Capital, the Australian company that sits atop the failed financial empire controlled by former Bundaberg sugar farmer Lex Greensill, owes at least $1.75bn to creditors and can’t pay between $2m and $3m owed to staff made redundant.

The company also faces a possible additional claim from German banks of about €2bn, although administrator Matt Byrne of Grant Thornton said he had yet to verify the claim.

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