Two men have been ordered by the High Court not to reduce the value of their assets to below €8m pending a ruling next Monday in a legal row over secret profits alleged to have made by them from a number of land deals.
The court heard that Offaly Fianna Fáil [until last month] Councillor Gerard Killally and his business partner Richard Connor, a former GAA football manager, have now admitted that they received profits on two land deals totalling €3.5m which were not disclosed to other individuals in the partnerships.
Ger Killaly with The Taoiseach at the Offaly homecoming/singalong last summer.
Offaly County Councillor Ger Killally was Mr Cowen's running mate in Offaly in the 2002 general election.
Seen by many in the party as a bright hope for the future, Cllr Killally hit the campaign trail in 2002 with the then Minister for Foreign Affairs Brian Cowen in an attempt to get a Dail seat for the party.
Mr Cowen then went on to top the poll in 2002, while Mr Killally narrowly missed out on a seat.
Since then, the councillor has continued in local politics and was snapped alongside Mr Cowen during his "homecoming" celebrations in Tullamore last May when he was made Taoiseach.