Greensill Bank AG

So if you have a pension, for example, you probably put it with a pension fund.

This was money that had been put into Credit Suisse, which is a Swiss bank, or into Greensill Bank in Germany.

He bought one of those.

Or into a fund called Global Asset Management.

... who invested their money in this? Surely they've, they've lost a lot.

Well, [laughs] the people who invested money were essentially putting their savings or their pensions or whatever into a bank in Germany called Greensill Bank or, uh, Credit Suisse in Switzerland, which is a Swiss bank, or Global Asset Management, which is a...

So, so basically all people who were entrusting their savings to wealth managers.

Those wealth managers were then passing on the money to Greensill, and he was passing on the money to Gupta and blokes like Gupta.