MPs move to outlaw Vulture Funds
Former UK ministers and MPs from all UK parties are set to back a bill later on Wednesday outlawing the activities of vulture funds, hedge funds which
Zambia
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
Palast Hunts the Real Life Goldfinger for BBC – Watch it on Democracy Now!
“Vulture Fund” Company Wins $20 Million Payment from Zambia on $4 Million Debt Thursday, February 15th, 2007 Watch the BBC Newsnight investigative report on BBC Newsnight — or at Democracy Now! with Palast and Amy Goodman. Listen — Watch — Read the Report — Read…
Bush Could Block Debt Collection by ‘Vulture’ Funds
by Ashley Seager, Economics Correspondent
Thursday February 22, 2007
Guardian (London)
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.
Debt Relief Groups Attack Vultures After our BBC Exposé
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
BBC Newsnight Report: ‘Vulture Fund’ Threat to Zambia
Greg Palast reporting for BBC Newsnight First Broadcast 15 February 2007 READ ABOUT IT
Vulture Fund Threat to Third World
Greg Palast reports on Vultures for BBC Newsnight –
By Meirion Jones
BBC Newsnight
February 14, 2007 — On Thursday 15 February a high court judge in London will rule whether a vulture fund can extract more than $40m from Zambia for a debt which it bought for less than $4m.
There are concerns that such funds are wiping out the benefits which international debt relief was supposed to bring to poor countries.
Martin Kalunga-Banda, Zambian presidential adviser and a consultant to Oxfam told Newsnight, “That $40m is equal to the value of all the debt relief we received last year.”
“Vulture Fund” Company Seeks $40 Million Payment from Zambia on $4 Million Debt
By Kavita Puri
Programme producer, BBC Newsnight
VULTURE FUNDS
Remember Make Poverty History that campaigned to cancel third world debt? And the lofty proclamations by politicians at the G8 in Gleneagles to reduce debt?
Tonight, we have a shocking investigation into vulture funds that make a mockery of these pledges.