Justificatory Narratives: The Collapse of Greensill Capital

Abstract

The collapse of Greensill Capital, a company whose self-styled owner experimented with innovative supply-chain finance, led to parliamentary inquiries in the UK during the course of 2021. This paper tells the story of the collapse and analyses the justifications mobilised by the company’s owner, Lex Greensill, in defence of his acts. His exculpatory narratives contain classical components that characterise white-collar and financial crime, but also some innovative aspects that may prefigure the future development of these types of crimes.

Bridging the Gap: Integrating Forensic Accounting Skillsets for Enhanced Audit Quality in the Post-Pandemic Era

“…As (Ruggiero, 2022) puts it, technological advancements create an avenue for fraud because the solution technology offers generates "blind spots where conduct ceases to be precisely linked to the effects it causes" (p. 217). In other words, as more businesses rely on technology, there is an increased risk of fraudulent activities going unnoticed in the virtual realm.…”