Vulture funds snub Oireachtas committee

Cerberus and Blackstone refuse to answer questions; ‘Arrogance’ draws ire of government and opposition

22nd January, 2017
Fine Gael member and Wexford TD, Michael D’Arcy

Two of the largest buyers of distressed Irish debt have snubbed a request from the Oireachtas finance committee to appear and answer questions on their treatment of Irish debtors.

Cerberus, the US vulture fund that has purchased billions of euro worth of toxic debt from Irish banks, and Blackstone, the fund whose attempt to seize the assets of Cork developer Michael O’Flynn sparked a high court battle in 2014, both turned down the invites from...

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