ICOS urges extreme caution following circular from new livestock trading entity
The Irish Co-operative Society’s (ICOS) national marts committee has urged all co-operative marts to exercise “extreme caution” in dealing with any new livestock trading entity allegedly being promoted by a current director of TLT International Ltd.
TLT International, which was one of Ireland’s largest live cattle exporter, went into receivership in early November.
The Mullingar-based company, owned by the Garavelli family, went into receivership when its main banker HSBC pulled the plug on credit. It owes in excess of €3m to marts and almost €1m to farmers directly.
The ICOS statement follows sight of a circular dated November 2013 promoting a new livestock trading partnership under the auspices of ‘Emerald Green Exports’ and ‘Gore Transport International’ respectively.
According to ICOS, the circular is purportedly from one of the current directors of TLT International.
The ICOS statement went on to say that, until there is a satisfactory resolution of the significant debt owed by TLT International to livestock marts and farmers, co-operative livestock marts must be circumspect around potential dealings with any trading entity where there is any level of involvement by a current director of TLT International.
Pictured TLT International at Knockdrin, Mullingar, Co Westmeath on Monday/Photo Jeff Harvey