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Thread: Asset Transfers to Developers' & Bankers' Wives...

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    Politics.ie Member MsAnneThrope's Avatar
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    Default Asset Transfers to Developers' & Bankers' Wives...

    The recent trend of disgraced bankers and NAMA-bound developers transferring their assets into their wives' and other family members' names continues. Here's just a small selection and you have to ask yourself what are all the other tiger developers and bankers at. Even the 'small' developers with NAMA-bound loans of €5m-€10m. Could they be doing similar? And are other people doing it? Could Ireland's one-time paper billionaires, once the envy of the land, be doing this too just in case?

    Now I expect some people here will say that all these asset transfers were merely done as gestures of profound, unbridled love for their wives and that the property crash and associated debts were merely a wake-up call to be more thoughtful, appreciative and generous to their other halves. Others will say they're just slimy, sleveen shysters! So, ladies and gentlement of p.ie, which group is right? Are we witnessing fervent Romantics or *#[%@! Rogues?

    From Michael Fingleton to Eileen Fingleton
    • "Liskilleen" - a substantial home at Abingdon Park, Shankill, in south Dublin.
    • Three separate acres to the back of Liskilleen

    From Sean Dunne to Gayle Killilea

    • Killilea is now joint owner of 20 acres of prime lands at Goatstown near UCD
    • She is also now reported to be the beneficial owner of Ireland's most expensive house, Walford, a €57m mansion on Shrewsbury Road

    From David Drumm to Lorraine Drumm

    • The €3.5m former family home in Abington, Malahide

    From Liam Carroll (still getting planning permission!) to Roisin Carroll (director of 18 Carroll companies)
    • Two substantial homes - the family home and former family home at Sycamore in Mount Merrion

    From Gerry Gannon of 'Gannon Homes' to Margeret Gannon

    • Hatley Manor, a 19th century pile on the banks of the Shannon.
    • Also, on the same day, he transferred a property at Summercove, Kinsale and apartments at Malahide Marina to her
    • Land banks at Dublin Airport
    • Land at Clontarf Golf Club and in the Midlands
    • An imposing house at Eglin Road in Ballsbridge
    • A €3m house in the K Club
    • Apartments in Malahide and the foreshore at Lough Glynn.

    Source: Mail On Sunday, March 21st 2010 - "Meet the Developers' Wives"

    Good luck Brendan McDonagh at NAMA!
    We all love animals. Why do we call some 'pets' and others 'dinner'?

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    Politics.ie Member hammer's Avatar
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    Gerry Gannon - tut tut

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    Mr. McDonogh was saying to the Finance Committee today that where the lands are encumbered, NAMA will seek to have the transfers declared void.

    Does a personal guarantee render all possessions of the developer (for want of a better word) encumbered?

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    Quote Originally Posted by MsAnneThrope View Post
    Ireland's most expensive house, Walford,
    Walford

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    Politics.ie Member MsAnneThrope's Avatar
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    Quote Originally Posted by cctvstar View Post
    Walford
    That's the one €58m he paid for it in 2005.



    We all love animals. Why do we call some 'pets' and others 'dinner'?

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    Quote Originally Posted by MsAnneThrope View Post
    That's the one €58m he paid for it in 2005.



    don't you mean we paid?

    The cash was probably borrowed from Anglo
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Gannon's had his bragging rights revoked at the K-Club. He's not been seen around these here parts for a while now and his name was taken off his car parking space at the club house.

    Happiness is a dry martini and a good woman … or a bad woman.
    –George Burns

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    Politics.ie Member Eurocitizen's Avatar
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    Sean Dunnes' new house .

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    Politics.ie Member Eurocitizen's Avatar
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    CookieMonsters' house .

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    Monster Hall is a modest country pile, EC.

    Happiness is a dry martini and a good woman … or a bad woman.
    –George Burns

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