International Securities and Trading Corporation (ISTC), the financial institution which has a deficit of €655million, invested in bonds issued by Northern Rock, the British bank that only avoided collapse when it was nationalised by the British government last month.
ISTC, headed by former Anglo Irish banker Tiarnan O’Mahony, also invested in securities issued by IKB, the German bank rescued by the German taxpayer, according to documents prepared by examiner John McStay and seen by...
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