Written question asked by Lord Myners (Crossbench) on Wednesday, 21 April 2021, in the House of Lords. It was due for an answer on Thursday, 6 May 2021. It was answered by Lord Agnew of Oulton (Conservative) on Thursday, 29 April 2021 on behalf of the Treasury.
Greensill
- Question
-
To ask Her Majesty's Government whether, as a creditor of Greensill Capital and Greensill Bank, they will ask the administrators of those companies and related parties (1) to examine the personal expense claims made by (a) directors, (b) executives, and (c) advisors, for non-business related payments, including use of private jets, and (2) to ensure that the companies reported such non-cash benefits to the relevant income tax bodies, including HMRC.
- Answer
-
The Government provides a guarantee, rather than direct funding, to lenders who are participating in the Bounce Back Loan, CBIL or CLBIL Schemes. Lenders participating in the Schemes must source their own funding, as they do for standard business lending.
Greensill Bank is a German bank, and so is regulated by the German supervisory authority, BaFin.
The administrator of Greensill Capital must send the Secretary of State for Business, Energy and Industrial Strategy, a report on the conduct of all directors who were in office in the last 3 years of the company’s trading.
Secondary information
- Type
- Written question
- Reference
- HL15166
- Session
- 2019-21
- Subjects
- Greensill
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-04-29 13:21:30 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL15166
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL15166
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2019-21/HL15166