GreenBank Capital (TSE:GBC) has released an update.
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GreenBank Capital faces a financial predicament as the Future Fund demands repayment of an £11.2 million loan from its affiliate Staminier Limited, which may lead to Staminier’s insolvency. Additionally, GreenBank is embroiled in a lawsuit in Wyoming, where it is accused of involvement in the so-called ‘Freeway scam’, though the company denies any wrongdoing. The company is also under a Cease Trade Order due to delays in filing its accounts, resulting in the suspension of its shares.
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