Scottish Liberal Democrats Ask GFG Questions to Parliament
The Insider reported that Scottish Liberal Democrat leader Mr Willie Rennie has submitted a series of parliamentary questions over the Scottish Government’s
The Insider reported that Scottish Liberal Democrat leader Mr Willie Rennie has submitted a series of parliamentary questions over the Scottish Government’s agreements with the GFG Alliance, the parent company responsible for several steel plants across Scotland. Mr Rennie has asked the Scottish Government to immediately launch a review of its agreement, documents and contacts with the GFG Alliance, to provide reassurance or establish whether there are any grounds for concern.
Mr Rennie said “The guarantees provided to GFG Alliance represent one of the biggest deals ever signed off by the Scottish Government. Ministers should immediately launch a review of its own agreements, documentation and contacts with the firm, this could provide the reassurance that is necessary or identify whether there is any cause for concern. What’s more, the government must immediately tell Parliament whether scheduled payments from the GFG Alliance, due in March, were made."
In April, Labour peer and former MSP Lord Foulkes had urged the UK Government to investigate Greensill Capital's links with the Scottish Parliament. He asked for an assurance that the recently-announced Westminster inquiry into the collapse of Greensill and former Prime Minister David Cameron 's lobbying on its behalf, would include investigation into how Scottish ministers were involved. This followed reports that Rural Economy Secretary Fergus Ewing dined with Lex Greensill and Liberty Steel boss Sanjeev Gupta at a Glasgow restaurant in 2017.
The Scottish Government has provided guarantees worth up to GBP 575 million to the firm.
GFG Alliance plunged into uncertainty when its financial backer Greensill Capital filed for administration in March. Earlier this month, the Serious Fraud Office announced it is investigating GFG for suspected fraud, fraudulent trading and money laundering within the group.