Wednesday 26 October 2016

Well-known Irish names on new 'Panama Papers' list

Published 09/05/2016 | 02:30

Golfer Padraig Harrington Photo: Sam Greenwood/Getty Images
Golfer Padraig Harrington Photo: Sam Greenwood/Getty Images
Music management mogul Paul McGuinness Photo: Arthur Carron/ Collins
Developer Sean Mulryan Photo: Damien Eagers

Golfer Pádraig Harrington, developer Seán Mulryan and former U2 manager and businessman Paul McGuinness are among a new list of Irish names connected to the Panama Papers.

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Documentation from records connected to the Mossack Fonseca legal firm in Panama and shared with the International Consortium of Investigative Journalists (ICIJ) includes information related to companies with links to Ireland.

There is no suggestion of wrongdoing by any of these companies, nor by Mr Harrington, Mr Mulryan or Mr McGuinness.

Mr Harrington allegedly appears in the files in relation to a Panamanian company called Marksmen Guaranteed Fund V SA, according to the 'Irish Times'.

Mossack was an agent of the company, which was dissolved in 2005.

The documents on the company include minutes of an AGM held in Monaco in May of 2000.

It was reportedly attended by Mr Harrington by way of proxy, along with Welsh golfer Ian Woosnam, Swedish tennis player Thomas Enqvist, and South African golfer Retief Goosen.

In the case of Mr Mulryan, the founder of the Ballymore group, he is recorded as the beneficial owner of a company called Dewdrop Properties, linked to the British Virgin Islands.

It sought planning permission to develop apartments and houses on part of a green space in the Leopardstown Oaks estate on Brewery Road in South Dublin in 2002.

Mr Mulryan's Ballymore Group returned to profit in August of 2014 for the first time since the crash.

Mr McGuinness, a former manager of U2, appears as a shareholder in Treibreu Group Ltd, a property company. Unsuccessful efforts were made last night by the Irish Independent to make contact with the three men. The findings are the result of a year's work by the International Consortium of Investigative Journalists, which involves more than 100 news organisations.

The documents, which date back to the 1970s, were leaked last year to German newspaper 'Süddeutsche Zeitung' by an anonymous source. The newspaper shared them with the International Consortium of Investigative Journalists.

Irish Independent

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