Firm behind hunger-strike direct provision centre to repay €4.5m loan
The controversial Skellig Star centre in Cahersiveen is part of a portfolio of emergency reception centres and nursing homes owned by Paul Collins’s investment firm Remcoll 2
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...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Nama legal bill runs to over €50m
In its decade in existence, the state agency has hired some of the world’s top law firms to defend its interests
Former director was responsible for Dolphin Trust Irish investments, court is told
Case brought by 78-year-old Cork investor has revealed fresh details about the collapsed German property company
Elaine Byrne: White-collar crime may fascinate us, but it also costs society dearly
White-collar crime, perpetrated by the privileged, can cost society more than ‘street’ crime and must be tackled urgently
Most Pandemrix plaintiffs settle with state over swine flu vaccine
Claimants say they developed narcolepsy after getting Pandemrix vaccine for which state gave drug maker GSK indemnity
