Investors in Cork TV firm stung as receiver appointed

THOUSANDS of small investors have been stung following the appointment of a receiver to a community-run television company which tried to set up a digital service.

Bank of Scotland (Ireland) has appointed Barry Donohue of KPMG as receiver and manager of SCTV Digital, with its registered address at Enterprise House, Ballinrea Road, Carrigaline, Co Cork.

The move has left an estimated 10,500 subscribers across south and north Cork, and parts of Kerry, Tipperary and Waterford, without a TV service.