The burned investors in AIB’s ill-fated Belfry investment funds will finally get their day in court on Tuesday.
The Belfry funds raised €300 million from the investors from 2002 to 2006, to which the bank then added nearly a billion euro worth of loans to buy commercial properties across Britain, just as the property market was reaching its peak. While the first fund returned a profit, investors in the following five were wiped out.
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