Lochaber Aluminium Smelter
As part of its scrutiny of SCAD, the Committee also held an evidence session with representatives from the GFG Alliance who acquired the Lochaber Aluminium Smelter in December 2016. The Committee’s interest lay in the due diligence undertaken by the Scottish Government in relation to its financial investment in the Lochaber Smelter and how it would manage any risk to public funds, including the risks posed by the collapse of Greensill Capital, a Serious Fraud Office investigation and failure to lodge audited account for five years.