Published: June 4, 2026 • 6:12 PM IST · Updated: June 4, 2026 • 9:40 PM ISTBy TheBriefWire Editorial Team
Key points
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 si 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 2021 with liabilities of more than £1.6bn.