Official: Kentucky obligated to reveal investors in company
LOUISVILLE, Ky. (AP) – Kentucky’s attorney general says the economic development cabinet wrongfully denied a newspaper’s request for the names of investors in a company that received millions in public funding for a new aluminum plant.
The ruling released Monday says the cabinet violated open records law by refusing The Courier-Journal’s request for names of shareholders and investors in Braidy Industries.
The privately held company received $15 million in public funding for the aluminum plant project in eastern Kentucky.
The state released documents identifying only two investors said to own at least 20 percent of the company. The names of Braidy’s other investors were redacted from records.
The AG’s opinion says the identities of Braidy shareholders are “unquestionably a matter of public interest.”
The cabinet says it plans to appeal to Franklin Circuit Court.