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The affair has also led finance minister Rishi Sunak to defend himself against suggestions he broke ministerial rules by exploring state help for bankrupt finance company Greensill at Cameron's request. His lobbying efforts had been unsuccessful and had not led to a change in government policy, he pointed out.Advertisement"As a former prime minister, I accept that communications with government need to be done through only the most formal of channels, so there can be no room for misinterpretation."
Greensill specialised in short-term corporate loans via a complex and opaque business model. According to the Treasury, Greensill approached officials to gain access to the government's emergency Covid Corporate Finance Facility .