Source · Select Committees · Business and Trade Committee
Recommendation 13
13
Paragraph: 78
The way in which future, or prospective, receivables operated between GFG Alliance and Greensill Capital...
Conclusion
The way in which future, or prospective, receivables operated between GFG Alliance and Greensill Capital is disputed by both parties. We note that several claims have been made about the use of future receivables and their relation to “suspect invoices” and welcome the Serious Fraud Office’s investigation into this matter.
Paragraph Reference:
78
Government Response
Acknowledged
HM Government
Acknowledged
16. The Government is grateful to the Committee for its agreement that providing the grant requested to support GFG Alliance would have been an inappropriate use of taxpayer money.