Financier Lex Greensill Decries ‘Code of Silence' Around SoftBank Deals
Financier Lex Greensill said there was a 'code of silence' around a series of transactions with SoftBank Group Corp. to keep potential losses hidden, in his first public court appearance since the high profile collapse of his firm.
Greensill is giving evidence at a $440 million London trial brought by Credit Suisse against SoftBank over a restructuring agreement involving his trade finance firm in 2020. He said there was a risk that a financing arrangement for an increasingly troubled SoftBank-backed startup would trigger an 'immediate' claim worth hundreds of millions of dollars.
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