Financier Lex Greensill banned from running UK companies for nine years

Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bn

The disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm.

The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a trial was due to begin on 8 June.