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i just got a letter from ronan o halloran re foi request re caranua the fund is kept in an account managed by the
national treasury management agency there is no interest on the investment . since the interest rates are currently at a negative rate . if it had been the case that interest would have accrued from the fund this would have used to
provide services to eligible survivors and pay for the operation of the fund .if it happened that the situation with
interest rates is reversed before caranua comes to an end .then this will be calculated and incorporated into our
spend as we wind down . what do think of this any ideas shep. james fox ..
I believe under the original legislation for the original €110 Million, that it was to be held in trust in NTMA which I am sure don't hold monies without proper investment of same they act on behalf of the states finances. Its all a con job!!