Greensill Capital
Debate between Stella Creasy and Paul Scully(3 years, 7 months ago)
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Paul Scully
The Chancellor has delivered £356 billion-worth of support, I think it is currently, to businesses. He has flexed at every opportunity across Government in devising and designing loan schemes, which are overseen by the British Business Bank, which is overseen, as the single shareholder, by the Secretary of State for BEIS. That is what we should be proud of. The Chancellor is not afraid of anything here. The question is about the coronavirus large business interruption loan scheme, which is administered by BEIS, and that is why I am here to answer it.
Stella Creasy (Walthamstow) (Lab/Co-op) [V]
I understand and share my colleagues’ concerns about lobbying, but, like other corporate financial scandals such as Enron, we need to follow the money. We know that it was the German Greensill Bank that made the loans to Sanjeev Gupta and also supported the use of the private jets on which our former Prime Minister made many journeys, and that the bank is now under criminal investigation as many thousands of German people face bankruptcy. What conversations has the Minister had with the German prosecutors about the CLBILS loan scheme, and will they be invited to give evidence to the inquiry?