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The UK government has brought a High Court action to disqualify Lex Greensill as a director, court records show.
The action brought on Thursday came after the Insolvency Service recently completed an investigation into the 2021 collapse of Greensill Capital.
The supply chain finance company – whose advisers included former UK prime minister Lord David Cameron, now foreign secretary – collapsed after it failed to renew its insurance cover.
Greensill Capital’s demise led to one of the biggest British lobbying scandals in a generation after it emerged Cameron had lobbied ministers to allow the company to access government-run Covid-19 debt schemes.
The Insolvency Service, an agency sponsored by the business department, did not immediately comment. Full details of the director disqualification case brought by the business secretary were not immediately available.
Disqualified directors can be barred from holding directorships for up to 15 years.
Lex Greensill last week sued the business department for alleged misuse of private information. His spokesman said a statement on the disqualification action would be issued shortly.
This is a developing story