Is nothing safe?
ACC BANK has seized a BMW saloon car from the Donnybrook home of developer Paddy Kelly.
Bailiffs acting on foot of a warrant to the Dublin city Sheriff’s Office took the seven-year-old 7 Series yesterday.
The car was featured in an article in The Irish Times last month when Mr Kelly spent a day with Irish Times assistant editor Fintan O’Toole travelling to developments around Dublin and its environs.
Mr Kelly, who owes various banks €350 million, was unapologetic in the article about the extent of his debts.
Two weeks ago he appeared at the MacGill summer school in Co Donegal, where he once again seemed apparently untroubled by his borrowings and drank champagne conspicuously while joking about the car and his lifestyle.
Mr Kelly said yesterday that the car, which was seized without warning when Mr Kelly was not in the house, belonged to his wife, and had been taken unlawfully.
Luxury car seized at home of developer Paddy Kelly - The Irish Times - Fri, Aug 06, 2010
This will run and run.