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Greensill Bank in Bremen: Amazing parallel to the Wirecard scandal
Photo: FABIAN BIMMER / REUTERS
The drama about the Australian-British financial group Greensill and its German offshoot is like a raid for most observers.
Until a few days ago, the name was only known to absolute insiders, but now the next financial scandal is suddenly shaking the country after Wirecard.
The Greensill case made it into the »Tagesschau«.
On closer inspection, however, the surprise turns out to be much smaller.
Because that the name Greensill stands for anger has been known since 2018 at the latest.
Back then, crooked deals with Greensill had torn the Swiss asset manager GAM down;
At times the survival of the renowned Zurich address was at stake.
The GAM fund manager at the time, Tim Haywood, had invested several hundred million euros in client money in bonds issued by the British-Indian entrepreneur Sanjeev Gupta.
In other words, he financed Gupta's business.
It was said at the time that Greensill brokered this business.
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