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Tuesday, Aug 16, 2022

Greensill collapse: £335m of taxpayers' cash at 'increased risk' due to 'woefully inadequate' checks on firm David Cameron lobbied for

Greensill collapse: £335m of taxpayers' cash at 'increased risk' due to 'woefully inadequate' checks on firm David Cameron lobbied for

The Public Accounts Committee finds that "up to £335m of taxpayer money is at increased risk following the British Business Bank's failure to conduct sufficient due diligence" into Greensill, when it applied to be a lender for COVID schemes.
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