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Mallabraca

national | rights, freedoms and repression | press release

Monday March 02, 2009 18:15

by brendan butler - ngo peacealliance

brendan13 at eircom dot net

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Anglo Irish Bank

Mallabraca investment group want to take a major shareholding in Anglo Irish Bank

PRESS RELEASE

Once again the Mallabraca group has emerged onto the Irish banking scene hoping to buy a majority shareholding in Anglo Irish bank. The publicity machine for this group describes it as an Irish led consortium with U.S. and Middle eastern interests involved. However smartly this group is dressed up and named after the County Cork birthplace of the famous Sam Maguire it is a equity group largely dominated by the Carlyle group and Saudi Arabian investors once dominated by the Bin Laden family.

The Carlyle Group according to its website promises ‘extraordinary returns ‘ on its investments . Its field of operations include intelligence and security contracts from outsourced U.S. defence contracts in Iraq and in U.S intelligence gathering in America and throughout the world .

Apart from any moral objections to the Carlyle group which dominates the Mallabraca group being involved in Irish Banking we believe that it sees ‘extraordinary returns ‘for its investors by taking a majority holding in Anglo Irish bank now that we the Irish taxpayers have taken on its toxic debt .

NGO Peace Alliance’s co-ordinator Brendan Butler asks ‘ Why should the Irish taxpayer now hand over a majority shareholding of Anglo Irish bank to another financial group which sees Anglo Irish as a vehicle to make extraordinary profits at the expense of the Irish taxpayer.’

Further Information

Brendan Butler NGO Peace Alliance 086 4054984 , ngopa.uuuq.com

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