Posts Tagged ‘ High Court ’

Fan Ownership The Way Forward As Waterford Back From The Brink

wufcWaterford United have today seen a winding up order against them striked out after the club’s owners and former manager Stephen Henderson agreed a deal in the High Court.

After weeks of negotiating both parties reached an amicable agreement at the eleventh hour. Continue reading

Callely Freed Following Overnight Stay Behind Bars

Former junior minister Ivor Callely has been released from garda custody after a night in jail following his arrest stemming from alleged irregularities regarding mobile phone expenses he claimed from 2002 – 2006 while working as a Senator. He remains uncharged.

The former Fianna Fáil TD has previously admitted that receipts he submitted in order to claim over €2,800 were on the headed notepaper of a defunct company – Business Communications – that had ceased trading in the 1990s. He said he did not know how this had happened and subsequently withdrew the claims and refunded the money.

Solicitor Noel O’Hanrahan has claimed his client is “completely and totally innocent of any wrongdoing.” A file has been sent to the Director of Public Prosecutions.

Mr Callely was arrested by fraud squad detectives at his home at St Laurence’s Road, Clontarf yesterday afternoon. Gardai searched this property, his former constituency office on the Howth Road and his holiday home in Kilcrohane, West Cork.

Suspicions regarding the claims were aroused in August 2010 when former Green Party TD Paul Gogarty made an official Garda complaint over what he saw as Mr Callely’s misuse of the expenses system. The Standards in Public Office Commission examined the claims and filed a report.

Mr Callely is no stranger to controversy – resigning the same month after becoming embroiled in a scandal when it emerged he had erroneously claimed allowances worth €81,000 over three years for living in his holiday home in Cork. He was handed a 20-day suspension from the Seanad, but the High Court subsequently overturned the order, ruling that he had not been given a chance to defend himself.

Mr Callely was first elected as a TD in Dublin North Central in 1989 and lost his seat in 2007. Between 2002 and 2005, he held junior ministries in health and transport. He quit his ministerial post in 2005 when it emerged a company involved in public contracts had painted his house for free.

Belfast Court Annuls Quinn’s NI Bankruptcy

The Irish Bank Resolution Corporation, formerly Anglo Irish Bank, has succeeded in having Seán Quinn’s bankruptcy status in Northern Ireland annulled.

The IBRC argued that Mr Quinn’s centre of main interest was in the Republic of Ireland and not north of the border as he had claimed when successfully seeking bankruptcy status from a Belfast court last November. Certain commentators were dubious of the move and believed it was carried out due to the North’s more lenient bankruptcy laws.

During its challenge, the IRBC claimed that a European Directive that applies in insolvency cases specifies that a person’s centre of main interest has to be ascertainable to third parties, such as creditors.

After Mr Justice Donal Deeny gave the ruling, Quinn told reporters outside the Belfast High Court, “The whole thing is a joke.” He said that he didn’t know how the bank would retrieve the €2.9 billion he owes them as his company is “destroyed”. He remarked, “It is like somebody taking a sledgehammer to a child’s toy. It is wrecked.”

Forbes magazine once ranked Quinn as Ireland’s richest man – in 2008 his worth was said to be in the region of €4.5 billion. He estimates that he lost more than €1 billion after investing in AIB, which was nationalised in 2009.

In April of last year, the IBRC appointed a share receiver to take over the Quinn family’s equity interest in Quinn Group (ROI) Ltd.

An application by the organisation to have Mr Quinn declared as bankrupt in the Republic will be heard in the Dublin High Court next Monday.

Bids To Crush Wanker Banker`s BMW Rising

Bids to press the button to crush the 3-series 1992 BMW car of disgraced banker Seán FitzPatrick  today are running at €5,200 this morning.

The auction on eBay is due to end at 4pm, with organisers National Recycling Limited hoping for a last-minute surge today. All money raised by the unusual auction is to be donated to the Samaritans.

National Recycling  bought the car for €1,234.56 in an online auction by the High Court’s assignee who is dealing with wanker banker FitzPatrick’s bankruptcy.

However, the auction and subsequent crushing may not be the ultimate end of the famous BMW.

Conor Hand, sales manager with National Recycling, said consideration was being given to using the crushed vehicle, baled to a size of about 60cm to 90cm, as an ornament, a souvenir or even a table. “It is just a thought” he said, “but it would probably be hard to raffle it twice”.

Asked whether the bale would be the property of the highest bidder, Mr Hand said the bidder would win the right to crush the car, but the vehicle would go for recycling in the normal way.

Before the vehicle is crushed, fuel and oil and items such as alloy wheels, glass, battery and seats will have been removed from the once flash motor of the former Anglo Irish chief.

Political Murmurings

Labour is to table a Dáil motion of no confidence in the Government.

Labour Party leader Eamon Gilmore has said that the coalition is clearly divided, politically dysfunctional and incapable of leading the country to economic recovery.

Callelly  Challenge Prevails

The High Court has overturned the findings of the Seanad Committee on Members’ Interests and the decision to suspend Senator Ivor Callely from the House last July.

Rebels Rise Up

Political upheaval at Fianna Fàil looks set to pave the way for Taoiseach Brian Cowen`s exit. Biffo is barely clinging to power as Leinster House prepares to see his own party table a motion of no confidence.