About 2,500 investors, most of whom lost all their money when a series of property investments in the ill-fated Belfry funds were wiped out, have been updated on a €75 million recompense fund set up by AIB.  The one-page update to investors says that the bank is reviewing the circumstances of their investment on a “case by case” basis to determine how much, if any, redress is due.  The bank has told investors to expect this process to be completed between April and July 2022. No detail is given however to investors about how AIB intends to calculate the recompense…

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