The company behind a controversial direct provision centre in Cahersiveen, Co Kerry, has written to some of its financial backers to say it will repay a €4.5 million loan in the coming weeks.
In a letter seen by the Business Post, the company’s directors wrote to a number of investors who had provided loans to the company through self-directed pension funds at an interest rate of 10 per cent.
The company, Remcoll...
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