The founder of failed supply chain finance firm Greensill Capital has been banned from acting as a company director in the UK for nine years after signing a disqualification agreement with the country’s Insolvency Service.
Lex Greensill, who acted as a director of three Greensill companies prior to the group’s infamous 2021 collapse, had been due to stand trial in London from June 8, accused of breaching his directorial duties in relation to transactions involving construction group Katerra.
However, the UK government announced today he has signed a disqualification undertaking, which the Insolvency Service described as a legally binding agreement not to dispute certain facts in exchange for ending its legal action….