BBC News - KPMG partners' investment firm JEAP loses £2.8m
An investment company set up by four of Belfast's leading business advisers has run up a loss of almost £3m due to the property crash, the BBC has learned.
The four, who are partners at KPMG, made a series of investments on both sides of the Irish border which have run into trouble.
The private company called JEAP was set up in 2005 by four partners in the consultancy and accountancy firm KPMG.
Their private firm invested in property companies.
In its first two years it made a small profit, but in the three years from 2008 to 2010 the company lost £2.8m.
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