Story perspectives
Three Charged in Greensill Bank's €2.2 Billion Collapse
12/18/2025
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Story summary
- Prosecutors charged three individuals linked to Greensill Bank (Germany) for roles in the bank's 2021 collapse, including bankruptcy crimes and misrepresentation of finances.
- Prosecutors allege they circumvented banking rules during a €2.2 billion refinancing of steel plants owned by Gupta Family Group.
- Greensill Bank, founded by Lex Greensill, collapsed amid concerns over risky loans.
- Two charged individuals were former management board members, and the third sat on the supervisory board.
