News Courts

Wednesday 17 September 2014

Woman 'who faced prison' gives bank sales details

Aodhan O'Faolain

Published 12/01/2013 | 05:00

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A GALWAY woman has complied with a High Court order to give a building society details of the proceeds of the sale of two properties she owned.

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The Educational Building Society Ltd (EBS) had claimed that Kristine Campbell who, along with her husband William Campbell, is being sued by the society for €8.8m for the alleged failure to repay loans, had not disclosed the information required and faced prison.

Yesterday, the High Court heard Mrs Campbell had now furnished the information.

Just before Christmas, EBS obtained a number of temporary orders against both Mrs Campbell of Hybrasil Court, Circular Road, Galway, and her husband William Campbell, of Oldenway Business Park, Ballybrit, Galway, including a freezing order preventing the Campbells from dissipating, removing or transferring their assets below a value of €8.8m.

Earlier this week, EBS said Mrs Campbell had failed to comply with and was in contempt of court orders.

Ms Justice Laffoy adjourned the remaining matters to later this month.

Mrs Campbell claims that she is not liable for one loan on the grounds of alleged undue influence by her husband.

Irish Independent

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