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British Business Bank launched probe into Greensill Capital before collapse

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Exclusive: UK’s state-owned bank was concerned over loans to Sanjeev Gupta’s steel empire

Britain’s state-owned business bank launched an investigation into Greensill Capital, and loans it extended to Sanjeev Gupta’s steel empire, months before the lender collapsed into administration, the Guardian has learned.

The news comes as former prime minister David Cameron was cleared of any potential breach of lobbying rules linked to his efforts to personally influence officials in Whitehall on Greensill’s behalf.

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