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Saturday 30 August 2014

Minister John Perry reaches agreement with bank over €2.47m debt

Published 02/09/2013 | 18:38

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Junior Minister John Perry

JUNIOR Minister John Perry has reached an agreement with Danske Bank over the €2.47m he owes them.

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He and his wife Marie had been facing a deadline of reaching a deal with Dankse Bank today (Monday) to repay the loans they took out in October 2011.

But in a statement, Mr Perry said he had reached an agreement with Danske Bank.

“The details of the agreement between Mr. Perry and his wife and the Bank are confidential,” it said.

The Junior Minister for Smalll Business also said that all his tax affairs were “up to date.”

Court documents had shown that Mr Perry told Danske Bank that Bank of Ireland had agreed to give him a ten-year loan to help him address tax arrears of €125,000.

Last July, Mr Perry and his wife consented to a judgment for €2.47m against them at the Commercial Court over loans they had taken out with Danske Bank to restructure existing loans and an overdraft account.

Mr Justice Peter Kelly granted the couple a six-week stay until yesterday (Monday) on the execution and registration of the €2.47m judgment.

Mr. Perry said he would be making no further comment on the matter.

 

Michael Brennan Deputy Political Editor

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