Central Bank gets provisional liquidators appointed to Cork-based investment fund

Regulator considered petition for winding up of Blackbee Investments Limited necessary to protect interests of investors and maintain public confidence in Irish financial market, court hears

Over time the Central Bank developed 'significant concerns' about the firm, particularly in relation to governance. File picture:Leah Farrell/RollingNews.ie

The Central Bank has succeeded in its High Court application for provisional liquidators to be appointed to a Cork-based investment fund with some €180m in client assets.

The regulator considered a petition for the winding up of Blackbee Investments Limited was necessary for protecting the interests of investors and for maintaining public confidence in the Irish financial market, the court heard.