Greensill: British Business Bank’s ‘woefully inadequate’ checks put £335m at risk, say MPs

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Public accounts committee questions why the bank was ‘insufficiently curious’ about reports suggesting Greensill was close to collapse

The committee looked at the role of the British Business Bank and said: “Up to £335m of taxpayer money is at increased risk following the British Business Bank’s failure to conduct sufficient due diligence into Greensill Capital ... when it applied to be a lender under the bank’s business support schemes.”

 

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Capitalism/Institutionalism/Fascism: “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” Frédéric Bastiat

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