Greensill Administrators Probing Transfers to Founder’s Brother

Administrators to the Australian holding company of Greensill Capital have asked it to clarify a series of payments linked to the brother of founder Lex Greensill, amounting to $174 million.

In a report prepared ahead of a creditor meeting scheduled for April 22, Grant Thornton says it’s seeking details on several transactions identified as “payment of proceeds PG Family Trust.”

Transactions were recorded between October and December 2019 in a liability account labeled “Repayable Within a Year,” according to the report.

“Management have indicated that these transactions in part relate to the sale of shares by Peter Greensill, however at ...