Open AccessJustificatory Narratives: The Collapse of Greensill Capital
Author(s) -
Vincenzo Ruggiero
Publication year - 2021
Publication title -
international journal for crime, justice and social democracy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.36
H-Index - 16
eISSN - 2202-7998
pISSN - 2202-8005
DOI - 10.5204/ijcjsd.2019
Subject(s) - narrative , capital (architecture) , white (mutation) , white paper , political science , finance , business , history , law , art , literature , archaeology , biochemistry , chemistry , gene
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.