High Court orders assets of director of Eden College to be frozen
Published 20/05/2015 | 18:11
THE High Court has ordered that the assets of a director of a third level college which ceased trading last year be frozen.
The order were sought by Anthony J Fitzpatrick, the liquidator of Eden College in Dublin, against Fakir Hossain, preventing him from reducing his assets below €693,000, pending further order.
Ronnie Hudson Bl, for the liquidator, said he sought the order because of fears that monies, which are fees paid to the college by overseas students for courses they never received, may be dissipated out of the jurisdiction.
Mr Hossain, a Bangladeshi national, has no income or commercial interests in the state, but does have interests in other jurisdictions.
The court heard the liquidator is seeking a number of declarations including that Mr Hossain, when he was an officer of Eden Further Education Ltd, carried out the business in a reckless manner.
Mr Fitzpatrick also seeks a declaration that he carried out the business with the intent to defraud and cause loss to the company's creditors.
The freezing order was granted by Mr Justice David Keane. Mr Hossain was not present in court.
On previous occasions Mr Hossain, who had an address at Hampton Wood Lawn, Finglas, Dublin, had attended at the High Court and was represented by lawyers.