Australia’s markets regulator has suspended a Sydney-based auditor for two years over his “failure” in auditing the financial statements of Greensill Capital and its subsidiaries.
The suspension is the latest fallout from the collapse of Greensill, the supply chain financing group enmeshed in a political and financial scandal. The role auditors played in the March 2021 bankruptcy has been the subject of significant regulatory scrutiny.
The Australian Securities and Investments Commission said on Friday that Joseph Santangelo, a partner at Nexia Australia, had been suspended until June 2026 and would have to pay A$375,000 ($239,000) to cover the regulator’s costs. Nexia International is a global network of more than 250 firms.
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