- Lex Greensill was a director of three companies within the Greensill Group, which collapsed in 2021 with combined liabilities of more than £1.6 billion
- In late 2020, he caused the companies to enter into a series of transactions with US construction company Katerra that removed legal protections from a Credit Suisse fund’s investment
- The Australian businessman also caused or allowed $440 million received in November 2020 to be used for purposes other than repaying the fund
Lex Greensill will be banned as a company director in the UK for nine years after agreeing to be disqualified following an investigation by the Insolvency Service.
The 49-year-old was a director of Greensill Capital (UK) Limited, Greensill Limited and…