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!