The Australian businessman had previously sought to challenge the Government’s bid to ban him.

UK Insolvency Service has confirmed that financier Lex Greensill will face a nine-year ban from serving as a company director.

The Australian businessman had previously sought to challenge the Government’s bid to ban him.

Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bn

The Australian businessman has been banned from company directorship after the spectacular collapse of his financing firm Greensill Capital.