And Sanjeev's looking for somebody who lend them some money and the 2, they have this kind of symbiotic relationship. So much so that at one point, Sanjeev Gupta is a major shareholder in Greensill Capital. So the 2 become really kind of intertwined and they start to really lean on each other, right? Like Greensill can't really grow without the revenue it gets from Sanjeev Gupta's businesses. And Sanjeev Gupta's businesses known as the GFG Alliance, they can't really grow without the money that Greensill is providing to it. Major pyramids located here include the Pyramid of Djoser—generally identified as the world's oldest substantial monumental structure to be built of dressed stone—the Pyramid of Userkaf, the Pyramid of Teti and the Pyramid of Merikare, dating to the First Intermediate Period of Egypt. Also at Saqqara is the Pyramid of Unas, which retains a pyramid causeway that is one of the best-preserved in Egypt. Together with the pyramid of Userkaf, this pyramid was the subject of one of the earliest known restoration attempts, conducted by Khaemweset, a son of Ramesses II. [25] Saqqara is also the location of the incomplete step pyramid of Djoser's successor Sekhemkhet, known as the Buried Pyramid. Archaeologists believe that had this pyramid been completed, it would have been larger than Djoser's. NATHAN HUNT: A final question, Duncan. You also became a character in the Greensill story, an unwilling character, but a character. As you were investigating Greensill for Dow Jones and for your book, what was your experience with them? A view of the Giza pyramid complex from the plateau to the south of the complex. From left to right, the three largest are: the Pyramid of Menkaure, the Pyramid of Khafre and the Great Pyramid of Giza. The three smaller pyramids in the foreground are subsidiary structures associated with Menkaure's pyramid. Famous pyramids (cut-through with internal labyrinth layout); the Layer Pyramid is mislabeled as that of Unas NATHAN HUNT: One of the things that Greensill focused on, very early on in his career was the idea of supply chain finance, the possibilities of supply chain finance. Certainly, Greensill didn't invent this. It's been around for a long time. I'm wondering if you can tell me a bit about what is supply chain finance?

Pyramid of Lies by Duncan Mavin | Waterstones

It is not often that ones niche sector gets covered through a book. This has been quite well researched and does give good detail though am unsure how much o He went to the office of Robert Cleland, a wealthy Australian businessman who’d run some of Australia’s biggest construction and architectural firms. He was a smart, eloquent speaker with movie-star looks. Lex strode into his office as though he owned the place, brimming with confidence. The earliest known Egyptian pyramids are found at Saqqara, northwest of Memphis, although at least one step-pyramid-like structure has been found at Saqqara, dating to the First Dynasty: Mastaba 3808, which has been attributed to the reign of Pharaoh Anedjib, with inscriptions, and other archaeological remains of the period, suggesting there may have been others. [6] The otherwise earliest among these is the Pyramid of Djoser built c.2630–2610 BCE during the Third Dynasty. [7] This pyramid and its surrounding complex are generally considered to be the world's oldest monumental structures constructed of dressed masonry. [8] Although I had read a little about Greensill at the time, I had no idea what was really behind this saga. Lex Greensill himself comes across as wildly ambitious chancer with a considerable talent to sell himself as a good punt. Lex Greensill, the son of small-scale Australian farmers who became a billionaire with several private jets, in Saudi Arabia with former British Prime Minister David Cameron (left) in early 2020

a b Wilkinson, Toby (2004). "Before the Pyramids". Egypt at its Origins. Studies in Memory of Barbara Adams Proceedings of the International Conference "Origin of the State. Predynastic and Early Dynastic Egypt", Krakow, 28th August – 1st September 2002. Peeters. p.1142. ISBN 978-90-429-1469-8. Archived from the original on 18 May 2022 . Retrieved 18 June 2015. The Essential Podcast from S&P Global is dedicated to sharing essential intelligence with those working in and affected by financial markets. Host Nathan Hunt focuses on those issues of immediate importance to global financial markets—macroeconomic trends, the credit cycle, climate risk, ESG, global trade, and more—in interviews with subject matter experts from around the world. Al-Aziz Uthman (1171–1198), the second Ayyubid Sultan of Egypt, tried to destroy the Giza pyramid complex. He gave up after only damaging the Pyramid of Menkaure because the task proved too large. [20] Pyramid symbolism Diagram of the interior structures of the Great Pyramid. The inner line indicates the pyramid's present profile, the outer line indicates the original profile. Lex was, he said, skilled in law, wireless applications, international trade, insurance, capital raising, sales and marketing, public speaking, written communications, corporate governance, training, organization and management, the etiquette of shareholder and board meetings, and in navigating Asian markets. He’d worked with teams in Australia, New Zealand, Japan, China, Hong Kong, Macau, Thailand, Pakistan, Philippines and Austria. Early Dynastic burial customs". Digitalegypt.ucl.ac.uk. Archived from the original on 22 July 2013 . Retrieved 16 November 2012.

Pyramid of Lies The Essential Podcast, Episode 67: Pyramid of Lies

IT WAS THE era of the dotcom boom – even farmers in remote Bundaberg had taken notice. Tech or internet businesses were all the rage. If you wanted to earn a fortune, the tech scene was where you needed to be. Lex wanted in on it and moved to Sydney’s richer pastures. Mr Johnson was swiftly summoned to the office of Charles Wilson, then-editor of The Times, and dismissed. He has since apologised, while also complaining about the “snivelling, fact-grubbing historians” who called him out. In 2013, papyri, named Diary of Merer, were discovered at an ancient Egyptian harbor at the Red Sea coast. They are logbooks written over 4,500 years ago by an official with the title inspector, who documented the transport of white limestone from the Tura quarries, along the Nile River, to the Great Pyramid of Giza, the tomb of the Pharaoh Khufu. [30]If we can pull off [a public listing]”, Lex Greensill says in early 2020, “me and my brother will be the richest men in Australia”; just over a year later, he tells one of his major shareholders, “It’s over... I’m ashamed for what I’ve done to my family name”. As ever, the dream dies gradually, then suddenly. Allen, James; Manuelian, Peter (2005). The Ancient Egyptian Pyramid Texts (Writings from the Ancient World, No. 23). Brill Academic. ISBN 978-90-04-13777-6. Greensill found it difficult to make any money doing it, and so started to finance riskier borrowers, taking out credit insurance to obviate the higher risk of default. The insurance allowed the loans to be marketed, misleadingly, as low-risk to investors. So he grew up in a fairly remote part of Australia, a place called Bundaberg, which is a farming community. His grandfather had started a farm there in the 1940s. And Lex was kind of second, third generation, who was running this farm, mostly farming, sweet potatoes and water melons and things like that. He was clearly kind of a bright guy, a little bit nerdy possibly at school and a sort of fairly rough macho environment that meant he stood out a little bit. For Lex, though, the moment was another triumph. This was exactly where he always thought he belonged: in a fancy, historic hotel, at the top of the head table, with seasoned bankers coveting his attention and a major political power player dancing to his tune. It was the perfect evening.

Pyramid of Lies: The Prime Minister, the Banker and the The Pyramid of Lies: The Prime Minister, the Banker and the

Either way, Lex worked as a clerk for a local law firm and earned his degree from the Queensland University of Technology by listening to cassette tapes mailed to the farm. ‘I can tell you that is a tough way to earn your degree,’ he told me later. ‘Work full-time, discover girls, and do a law degree all at the same time.’a b c Hassan, Fekri (2002). "Palaeoclimate, Food And Culture Change In Africa: An Overview". Droughts, Food and Culture. Springer. p.17. doi: 10.1007/0-306-47547-2_2. ISBN 0-306-46755-0. Archived from the original on 12 May 2021 . Retrieved 25 May 2021.

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The Pyramid of Lies is not elegantly written. The breathless tone of some descriptions verges on comical: the Savoy, where Greensill holds a breakfast meeting, is “a 130-year-old art deco masterpiece, dubbed London’s 'most famous hotel’ and renowned as a favoured haunt of kings and presidents, Hollywood stars and fashionistas”. It is nonetheless worth reading as a meticulously researched and enjoyably lively account of this major financial scandal. A few years ago, I made it into an intimate meeting at the "top table". Just me and the top brass. I had prepared copious notes to discuss the large deal that was imminent. But I hadn't prepared to discuss horse racing, the ownership of horses, or the best dogs to keep at stables. So the biggest trade credit insurers said, no, we're not going to work with you. That left him with a bit of a problem, which he solves by going to a very small Australian insurer called The Bond & Credit Co. And The Bond & Credit Co. ended up providing billions and billions of dollars of insurance to the Greensill business. And it was startling to me, looking at it as a journalist to say, this can't be right, how can this tiny company be so critical in these billions of dollars worth of funds.When the victims started comparing notes, they realized the basis of this scam was implausible,” said Lovell, referring to the sheer volume of tractors Gentry would have needed to sell to justify what he promised investors. “The victims can see in hindsight how ludicrous it was to believe that this scheme was true.” He’d also expanded his CV, collecting a list of impressive accolades: world champion of the 1998 Junior Chamber International Public Speaking Competition; finalist in the 1999 Young Australian of the Year Awards (he was beaten by Bryan Gaensler, an astronomer and expert in magnetic fields and supernova remnants); two-term appointee to the Asia Pacific Development Council on bilateral trade and education ties; 1998 Young Citizen of the Year for Shire of Burnett in Queensland. He could speak a little Japanese and he’d become a Justice of the Peace. He was the director of five separate companies, including Greensill Corporation Pty.