UK drops guarantees from £400m of Greensill loans to Gupta-linked firms
by Alex Lawson Energy correspondent from World news | The Guardian on (#61HKM)
State-owned British Business Bank makes decision after investigation of lending practices
The government has dropped guarantees made on 400m of loans from Greensill Capital to companies linked to the embattled metals tycoon Sanjeev Gupta.
The state-owned British Business Bank (BBB) said on Monday that it had terminated" guarantees backing Greensill's loans to large businesses after investigating its lending practices.
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