Friday 20 October 2017

Man faces jail again over aunt's €1m cash

Aodhan O Faolain

A man has been told he faces prison unless he explains how almost €1m owned by his aunt was transferred to his bank accounts and used to buy farm machinery and Polish property.

A High Court judge told the man to provide a full and simple explanation about what happened to the money of the aunt who is unable to manage her money and is a ward of court.

Neither can be named for legal reasons.

The man was jailed in late July after being found in contempt of a court order requiring him to detail how the money ended up in his accounts.

The court-approved committee set up to manage the affairs of the woman brought proceedings against the man who denies any wrongdoing.

Judge Sean Ryan yesterday released him from prison as he was satisfied he was making attempts to deal with matters.

However, the judge said he "wanted to know in simple terms" what happened to the money and any failure would result in him being returned to Mountjoy Prison.

Counsel for the committee, Rita Considine, said the matter had been before the High Court on a number of previous occasions and on each occasion the matter was adjourned to allow the man obtain the information, he "did nothing".

Influenced

He claims he is holding the money in trust for his aunt but the committee says he unduly influenced and put strong pressure on her to sell a city home and to acquire another rural property.

The committee is seeking judgment of €937,000 against the man and an order for possession of the rural property which was purchased with the proceeds of the sale of the aunt's home.

Judge Ryan adjourned the case until September.

Irish Independent

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