The troubles facing David O’Shea, founder of BlackBee Investments and BlackBee Alternatives, continue to mount. An investor in bonds issued by BlackBee Group has opened a High Court case against the Cork financier and firms associated with him.

Two investors told The Sunday Times last week that they were considering legal action over what they claim is a lack of information from BlackBee Alternatives and a failure to return their money.

O’Shea is awaiting a decision on whether the joint liquidators of BlackBee Investments are successful in winding up City Quarter Capital II plc, another entity he runs that has been compelled by the Corporate Enforcement Authority to file, within four months, accounts for four years to the end of September 2023.

A plenary summons