• Home
  • NAMA property for sale
  • About
  • The Developers
  • The Tranches

NAMA Wine Lake

Click the green link above for latest news and over 2,600 related articles. NAMA – National Asset Management Agency – part of Ireland's response to its banking crisis and property bubble

Feeds:
Posts
Comments
« NAMA offering 180 more homes in 12 counties with its special 80:20 mortgage product
NAMA obtains €11m judgment against embattled Limerick solicitor »

A bad day for the McCabe family as judge orders them to pay €270m to NAMA

October 15, 2012 by namawinelake

RTE was in the Commercial Court division of the High Court today to hear the judge, Mr Justice Peter Kelly, grant judgments orders against John McCabe and members of his family, in favour of NAMA, for sums totalling €270m comprising:

€100m against John McCabe senior

€31m against Mary McCabe, wife of John McCabe senior

€36m against son, John McCabe junior

€29m against daughter, Angela McCabe

€29m against daughter, Pauline McCabe

€29m against daughter, Sandra McCabe

€18.3m against daughter, Helen McCarthy (nee Helen McCabe)

NAMA is said to be “fuming” at recent events involving the McCabes with accusations that €6.2m had been “misappropriated or dissipated” by the McCabes. This led to an application by NAMA last month to have the McCabes’ assets frozen. It is unclear if this order has been continued, RTE doesn’t say but the betting is, with such substantial judgments, that it has.

Judge Kelly today granted European Enforcement Orders to NAMA which facilitates the Agency in enforcing these judgments orders elsewhere in Europe – the McCabes have an apartment in Mayfair in London and had dealings with a Swiss (Bahraini/Dutch) company called Western Gulf Advisory.

Advertisement

Share this:

  • Twitter
  • Facebook
  • Reddit

Like this:

Like Loading...

Related

Posted in Developers, NAMA, Non-Irish property | 1 Comment

One Response

  1. on October 15, 2012 at 10:17 pm machholz

    Reblogged this on Machholz's Blog.



Comments are closed.

  • Recent Posts

    • Test – 12 November 2018
    • Farewell from NWL
    • Happy 70th Birthday, Michael
    • Of the Week…
    • Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments
    • Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy
    • NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court
    • Johnny Ronan finally wins a court case
  • Recent Comments

    Wisemama on Eddie Hobbs’s US “partner” fir…
    Dorothy Jones on Of the Week…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    John Foody on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Frank Street on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    John Gallaher on Of the Week…
    John Gallaher on Of the Week…
    who_shot_the_tiger on Eddie Hobbs’s US “partner” fir…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Brian Flanagan on Of the Week…
    Robert Browne on Gayle Killilea Dunne asks to b…
  • Twitter Updates

    Tweets by namawinelake
  • Click on date for that day’s posts

    October 2012
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  
    « Sep   Nov »
  • Blog Stats

    • 5,119,624 hits

Create a free website or blog at WordPress.com.

WPThemes.


Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • NAMA Wine Lake
    • Join 1,326 other followers
    • Already have a WordPress.com account? Log in now.
    • NAMA Wine Lake
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Copy shortlink
    • Report this content
    • View post in Reader
    • Manage subscriptions
    • Collapse this bar
%d bloggers like this: