Revenue Seeks Winding-Up Order for Third BlackBee Investment Group Company

Business समाचार

Revenue Seeks Winding-Up Order for Third BlackBee Investment Group Company
BLACKBEE INVESTMENT GROUP,WINDING-UP,CORPORATE ENFORCEMENT AUTHORITY

Revenue has filed a petition with the High Court to wind up BlackBee Group Holdings Limited, the third company linked to the troubled Cork-based investment group. The court adjourned the petition for four weeks to allow the Corporate Enforcement Authority (CEA) to submit an affidavit. The CEA previously took enforcement action against the company for failing to comply with filing obligations.

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Revenue has asked the High Court to wind up a third company that is linked to the Cork-based BlackBee investment group.

No details of the petition for the winding-up of BlackBee Group Holdings Limited were outlined to the court before Sally O’Neill, counsel for Revenue, consented to the matter being rescheduled for February 10th. Barrister Eoin Coffey said his clients, the liquidators of two BlackBee entities, want to engage with Revenue in relation to its petition.

The liquidators last month secured the winding-up of another related company, City Quarter Capital II plc, of which Mr O’Shea is the principal. The court heard City Quarter issued bonds in which BlackBee Investments typically invested client funds.

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