Company draws Greensill Capital founder and Gupta’s Liberty businesses into case at high court in London

The Swiss insurer Zurich alleges it has been the victim of fraud in a counter-claim in London over the demise of the Greensill business empire, drawing the financier Lex Greensill and the metals magnate Sanjeev Gupta into a £320m court battle.

Zurich Insurance Company was last year sued in the high court by the administrators of Greensill Bank, which entered German insolvency proceedings in 2021, in a dispute over trade credit insurance.

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