Council minutes show that Mr Greensill had suggested there was potential to plant as many as 250,000 trees.the proposed land transaction was “progressing” and was in the hands of solicitors who were completing due diligence and raising and addressing enquiries.
But the sale was put on hold after Greensill Capital’s administration, while the council completed an internal audit to ensure there had been no conflicts of interest during the transaction’s negotiations.The council’s audit said the negotiated sale price “significantly” exceeded Mr Greensill’s original offer and was greater than the vacant possession value estimated by the council’s external property consultants.
The audit review found there was “no linkage” between Mr Greensill’s offer of supply chain finance and the proposed farmland purchase, and that the council had been transparent in its dealings.Minutes of a local parish council meeting held early last month show one councillor had asked whether Mr Greensill was still the potential purchaser of the Shotwick Park land.
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Source: FinancialReview - 🏆 2. / 90 Read more »