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Model who kicked NAMA developer in testicles is fined by tax authorities

September 14, 2012 by namawinelake

Okay, this will be one of the most tenuously-linked NAMA stories but the quarterly list of tax sinners published by the Irish Revenue Commissioners this afternoon, shows that model Glenda Gilson (31) has been hit with an overall total of €73,000 payable to the Revenue in settlement of tax owing together with interest and penalties. The particulars given by the Revenue are that there was an under-declaration of income tax and VAT.

It was back in March 2010 and life was relatively carefree for Treasury Holdings co-founder, the colourful Johnny Ronan who had spent the day watching six-nations rugby but when he later met up with his then-companion, Glenda Gilson at a pub in Ranelagh, south Dublin, a row erupted in which the statuesque Glenda kicked poor Johnny in the unmentionables, and Johnny responded with what might be termed a “Bishop Brennan”

These days, Johnny and his Treasury co-founder, the understated Richard Barrett have far more to worry about – their loans were acquired by NAMA in 2010, and the relationship has gone distinctly sour since the end of last year with receivers appointed to Treasury assets and companies, and Johnny and Richard sued in their own rights for sums that NAMA claims is owing.

Another notable inclusion on the latest list is the former principal of the private school in Tipperary who hit the headlines earlier this year when he refused admission to a pregnant girl. According to the Revenue list, Padraig O’Shea of Borrisleigh, Thurles has been hit a bill of €705,619 comprising due tax of €346,059 plus interest of €100,016 and penalties of €259,544. In July 2012, what the Revenue Commissioners as a “private school operator” gave an interview with the Irish Independent in which he talked about “standards of morality” and the “moral integrity of the Irish people”

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Posted in Developers, Irish economy, NAMA | 2 Comments

2 Responses

  1. on September 14, 2012 at 5:04 pm JP

    I think I see a prominent former business journalist on the list too.

    Along with plenty of doughty frontier capitalists from Donegal


  2. on September 14, 2012 at 5:22 pm john gallaher

    Who’s afraid of NAMA,certainly not Johnny Ronan,can you blame him…

    As its Friday……from above article….

    “He had spent the day enjoying the Ireland-versus-England rugby match with close pals, music supremo Denis Desmond, Robbie Fox and Ronan Barry — known as ‘Redzer’ to his friends.”

    So Ronan’s sister got Town,his best mates wife got a freebie too !

    “It’s a quiet spot with its own turbulent recent history, housed at the bottom of the Malting Tower, a Treasury Holdings building. Treasury sold the restaurant licence last year for what was reported to be a nominal amount (guesses on the back of a bank statement). The new owner is Martina Fox, wife of nightclub owner Robbie Fox.”
    http://www.irishtimes.com/newspaper/magazine/2012/0908/1224323667284.html

    I thought NAMA had asked him nicely to cut back on the charity …..

    “THE NATIONAL Asset Management Agency (Nama) has told property developer Johnny Ronan to stop making charity donations from his business to maximise the amount of money it recovers on the loans which it has acquired.”
    http://www.irishtimes.com/newspaper/front/2010/1008/1224280636683.html



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