Greensill crash: Australian firm owes $4.9bn, ‘should be liquidated’

Greensill crash: Australian firm owes $4.9bn, ‘should be liquidated’

The Guardian

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Auditors want to look further into transactions worth hundreds of millions and directors’ and management conduct

The Bundaberg-based company that sits atop failed global finance group Greensill has debts totalling almost $4.9bn and should be liquidated, its administrator has told creditors.

Hundreds of millions of dollars of transactions with Peter Greensill, the brother of Greensill founder Lex Greensill, also require further investigation, administrators Matthew Byrnes, Philip Campbell-Wilson and Michael McCann of accounting firm Grant Thornton said in a report to Greensill Capital creditors.

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