Grant Thornton also said that if the company goes into liquidation, the liquidators would investigate several transactions between Greensill Capital Pty Ltd – the Australian parent company – and the Greensill family and farming companies, as well as several director-related transactions.
Our findings in relation to unreasonable director related transactions, while only preliminary, have identified a number of material transactions which require additional review and investigation by a liquidator should one be appointed at the second meeting of creditors, Grant Thorntons report said.
The administrators have found that payments worth around US$174 million were transferred out of Greensill Capital Pty Ltd and described as payments of proce…
Read the full article at: https://www.afr.com/companies/financial-services/debt-strapped-greensill-should-be-liquidated-grant-thornton-says-20210416-p57joa
