Greensill scandal. David Cameron got a new job in the government, but it made some people remember a problem from before. A while ago, a TV show found papers that showed Cameron got about $10 million for helping a company called Greensill Capital. That company was very close to Cameron when he was in charge, even having an office where the government works.
But Greensill Capital had big problems and went bankrupt in 2021. This made some countries start looking into if there was any cheating. The person who ran Greensill said they didn’t cheat and that the company fell apart because they lost insurance.
Even though the TV show said how much money Cameron got from Greensill, he never told exactly how much he got.
Allegations and Denials
Greensill Capital gave a lot of money to different companies using money from a bank called Credit Suisse. But many of these companies couldn’t pay it back, so now people are trying to get back over $2 billion.
This made the bank, Credit Suisse, have troubles and another company, GFG Alliance, also got money from Greensill and is being looked at for doing something wrong.
Greensill’s Operations and Consequences
The person who wrote about this surprise that Cameron got a new job because there are still lots of investigations happening about Greensill.
Before Greensill went bankrupt, Cameron kept asking the government to give Greensill money during the Covid time. He sent lots of messages and calls to make it happen, even when the rules said they couldn’t give too much money to just one company. Greensill still gave a lot of money to another company, even if it nott allow, and the government didn’t agree to help pay it back.
Cameron also talked a lot with a government person to try to make Greensill get the money.
Official Statements and Reactions
The person who ran Greensill said they did everything legally to get the government’s help. Cameron’s team said he didn’t do anything wrong.
People are worried about how things work in the government and if they are fair and clear, especially because Cameron got the job while people are still looking into what happened with Greensill.