Back to today’s briefing

Story perspectives

Greensill Bank Sues UK Government for £331 Million Over Loans

1/15/2026

50 6

Summary

Story summary

Greensill Bank AG (GBAG) sues the Department for Business and Trade (DBT) for £331 million over guarantees on coronavirus loans to Sanjeev Gupta's firms.
The government argues GBAG acted in bad faith by exceeding limits to Gupta's companies.
The case links to coronavirus loan schemes (CBILS) and is slated for trial in 2027.
Lex Greensill faces disqualification proceedings that could bar him from managing a company for 12 years.

1 of 1

Story summary

Greensill Bank AG (GBAG) sues the Department for Business and Trade (DBT) for £331 million over guarantees on coronavirus loans to Sanjeev Gupta's firms.
The government argues GBAG acted in bad faith by exceeding limits to Gupta's companies.
The case links to coronavirus loan schemes (CBILS) and is slated for trial in 2027.
Lex Greensill faces disqualification proceedings that could bar him from managing a company for 12 years.