Wednesday 7 December 2016

Businessman Harry Crosbie issues legal proceedings against NAMA

Published 13/06/2014 | 14:07

Developer Harry Crosbie
Developer Harry Crosbie

The prominent businessman Harry Crosbie has issued legal proceedings against the National Asset Management Agency (NAMA).

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The move comes after NAMA moved to enforce loans of some €77m against Mr Crosbie, alleging he failed to disclose substantial assets to the agency when first asked to do so.

Mr Crosbie has now issued counter proceedings and claims NAMA is in breach of a solemn agreement it had with him.

The proceedings were entered with the High Court yesterday.

Mr Crosbie is understood to be demanding NAMA stop pursuing any outstanding alleged debt from him.

He is also calling for the removal of a receiver from the Bord Gais Energy Theatre and looking for compensation over so-called “leaks” of personal information regarding his financial affairs, which he alleges occurred.

NAMA told a court earlier this year it took action against Mr Crosbie because he failed to disclose substantial assets, including three apartments in the south of France, when asked to provide details.

Shane Phelan Public Affairs Editor

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