The FT has some better reporting on this, e.g. https://www.ft.com/content/44c47737-5d8b-4aca-8ff3-dbcc8349bc04 https://www.ft.com/content/44c47737-5d8b-4aca-8f

The FT has some better reporting on this, e.g. https://www.ft.com/content/44c47737-5d8b-4aca-8ff3-dbcc8349bc04 https://www.ft.com/content/44c47737-5d8b-4aca-8ff3-dbcc8349b... The main issue seems that Greensill has a (very) large exposure to the collective 'network' of Gupta's companies, and regulators / counterparties decided this was too risky. Supply chain financing has a bit of a record for being used to prop up failing companies in their dying days by disguising borrowings.