![](https://www.xn--72cb4brw0a7cvcl5nycyb.com/wp-content/uploads/2023/11/wp-header-logo-405.png)
Within weeks, Greensill lent the maximum possible, £400m, in eight loans to companies with links to one customer, steel tycoon Sanjeev Gupta. The rules of the scheme forbade lenders from extending more than £50m to any one single company. The government has said it will not honour the guarantees made on those loans.