(MENAFN) According to the Public Accounts Committee, about USD450.4 million in public taxation money is at danger as a result of the British Business Bank's inability to undertake acceptable research on Greensill once it sought to become a borrower for coronavirus programs.
A group of members of parliament has discovered that tens of millions of pounds of public taxation money are at danger as a result of an inability to do adequate inspections on the now-defunct financial company that David Cameron advocated for.
Greensill has been licensed as a provider for both Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) by the governmental British Business Bank (CLBILS).
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