Monday 24 October 2016

Developer Harry Crosbie among donors to new Fine Gael TD

Published 18/05/2016 | 02:30

Harry Crosbie. Photo: Tom Burke
Harry Crosbie. Photo: Tom Burke

Developer Harry Crosbie - who has been in a legal battle with Nama - is among individuals who made donations to Fine Gael politician Michael D'Arcy.

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The newly elected TD Mr D'Arcy received a combined €10,000 from a number of donors. It was the highest sum received by any politician last year, accounting for almost a third of the €33,870 declared by 16 TDs and senators.

Mr Crosbie is famous for his developments in Dublin's Docklands, including the Point Village. He has a home in Mr D'Arcy's Wexford constituency. Mr D'Arcy last night confirmed Mr Crosbie attended a fundraising dinner he held while he was still a senator ahead of his election campaign. The Fine Gael TD's declaration to the Standards in Public Office Commission (Sipo) states that the businessman was among 10 individuals who donated €1,000 each. "He's in Gorey a good bit and that's how I know him," Mr D'Arcy said of his connection to the developer.

Mr Crosbie has appealed a High Court decision granting a €77m commercial debt judgment to Nama company National Asset Loan Management Ltd (NALM). The judgment order arose from debts and guarantees of liabilities of two of his companies. Last December, Mr Crosbie argued in court that a gross injustice has been done to him, claiming that Nama failed to honour an agreement that certain personal assets would not be part of the judgment enforcement.

He said that while he is liable for the debt, NALM was not entitled to seek an order enforcing the judgment against his Hanover Quay home, along with other family assets.

Asked if he had any concern taking a donation from Mr Crosbie, given his involvement with Nama, Mr D'Arcy replied: "No. The criteria (for donations)are there. I met all the criteria."

Attempts to contact Mr Crosbie were unsuccessful last night.

Public Expenditure Minister Paschal Donohoe declared donations of a combined €5,000 to Sipo. Labour TD Alan Kelly declared €2,000, while there were also donations to his party's organisation in Tipperary. Fine Gael Senator Joe O'Reilly listed €3,870 in donations.

Social Democrats TDs Róisín Shortall, Stephen Donnelly and Catherine Murphy each got €1,000 donations from businessman Michael Chadwick, who also gave €2,500 to the party.

Labour Senator Aodháin Ó Ríordáin got a €1,000 cash donation from his parents but returned €800 to comply with the rules limiting cash donations to €200.

Irish Independent

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