The disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm.
The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a six-week trial was due to begin on 8 June.
He had previously sought to challenge the proceedings against him but a court ruled against his efforts in March.
Greensill, a 49-year-old Australian former sugar farmer, had risen rapidly to prominence in the financial world by lending money to companies secured against unpaid invoices. Greensill Capital collapsed into administration in March…