More than 85 investors are personally liable for €18 million in losses accrued by Tuskar Asset Management plc, an insolvent investment firm that is in examinership.
The Sunday Business Post has learned that all the investors in various group companies connected with the Tuskar fund provided personal guarantees in the event that the company incurred losses on its investments. Such guarantees are highly unusual in plc entities.
The company has invested €50 million in properties and...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team