EXCLUSIVE: U.S. Vulture Fund Owner Wins Debt Payment from Zambia
But Faces Possible Indictment at Home
A British court has ordered the government of Zambia to pay the “vulture fund” company Donegal International 15 and a half million dollars. Donegal is owned by the US company Debt Advisory International. But investigative journalist Greg Palast reveals a new development
by Ashley Seager, Economics Correspondent
Thursday February 22, 2007
President Bush could come to the aid of Zambia against a so-called “vulture” fund demanding millions of dollars in debt payments. He is reported to be concerned that investors from the Washington DC area won a court case in Britain last week which enabling them to claim $20m to $40m (£20m) from the poor African nation – as much as it has received in debt relief from rich countries in recent years.
Democracy Now! | Tuesday, February 20th, 2007
In response to Greg Palast’s report last week on BBC and Democracy Now, the debt-relief and economic justice group Jubilee USA is launching a new effort today calling on