Belfry: Ordinary people, extraordinary loss – Part 2
In part two of Belfry, the fight continues. After agreeing on a courtroom settlement for 272 Belfry investors, AIB launches a broader redress scheme. A quarter billion euros is set aside by the bank in compensation. But all is not what it might be. Back in private hands and billions in profits later, hundreds of scorched investors still claim they are being shut out of redress by AIB’s shifting rules, opaque criteria, and an appeals process that rarely lets them be heard.
