US Governor Jim Justice is liable for $ 700 million in loans from the insolvent bank Greensill. “It’s tough, it’s really tough,” he says.
the essentials in brief
- Loans of $ 700 million went to Jim Justice’s coal companies.
- The amounts were withdrawn from the insolvent bank Greensill.
- Now the governor of the US state West Virginia has to be liable for it himself.
Jim Justice’s coal companies took out around $ 700 million in loans from the insolvent Greensill bank. The governor of the US state West Virginia and his wife are now personally liable for the costs. The “Wall Street Journal” reported on Monday.
On Tuesday, Justice confirmed the report on the credit withdrawal at Greensill: The outstanding loans are “an incredible burden on our family. And we have to deal with it, ”said the Republican.
The loans taken out were sold to mutual funds managed by Credit Suisse. In March of this year, CS frozen the funds. “It’s tough, it’s really tough,” Justice said.
Credit Suisse has identified Bluestone Resources, one of Justice’s affected companies, as a creditor. And the two sides are now in talks to compensate investors.
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