NAMA’s enforcement activity shows no sign of relenting with news in today’s edition of Iris Oifigiuil that the Agency has had receivers appointed to Meath property company, Agher Developments Limited. Agher is a company within the wider Burke & Flanagan group, owned by John Burke and Sean Flanagan.
On 29th January, 2013, NAMA had William O’Riordain of Pricewaterhouse Coopers appointed to unspecified assets which were the subject of an AIB loan. The directors of Agher are John Burke (47) and Sean Flanagan (50).
Messrs Burke and Flanagan came to national prominence in 2008 when it emerged in court that they had sold land in East Wall, Dublin to a Donegal developer for €19m. But secured on a €100 deposit! In 2011, ACC registered a judgment of €23m against Sean Flanagan.