The Insolvency Service has filed a director disqualification claim against the founder of Greensill Capital, Lex Greensill.
The claim was filed today by the Secretary of State for Business and Trade on behalf of the regulator, according to the High Court claim’s system.
The government has appointed law firm Howes Percival, while Alexander David Greensill, known as Lex Greensill, has appointed specialist law firm Ellerman to represent him.
It was revealed back in 2022 that the Insolvency Service was investigating Greensill’s executives, including Lex. If found guilty of misconduct, they could be disqualified from serving as a director of any UK companies for up to 15 years.
This news comes after Lex Greensill filed a lawsuit against the Department for Business and Trade over the alleged “misuse of private information”.
A spokesman for Lex Greensill said: “Lex Greensill recently issued proceedings against the Department of Business and Trade in the High Court as a result of the Insolvency Service’s conduct during the investigation that led to this action. Mr Greensill rejects this action as wholly without merit and will robustly address it.”
The Insolvency Service was contacted for comment.
More to follow…