Quirke hands over €1m life insurance policy as guarantee to bankers at AIB
Published 26/06/2011 | 05:00
Richard Quirke, the former garda behind the €60m Tipperary Venue, has handed over a €1m insurance policy on his life to his bankers at AIB.
The insurance policy and a personal guarantee of over €400,000 have been pledged to his bankers in O'Connell Street, Dublin 1.
The Sunday Independent has also established that Quirke and his company, Dublin Pool & Juke Box Ltd, have bought huge swathes of land in the 'Barony of Eliogarthy', the location of the proposed casino near Two-Mile Borris in Co Tipperary.
Various documents lodged with the Land Registry and dated from July 2007 to August 2009 show that land has been transferred to him and his company from John Cantwell of Noard; Martin Healy and Marie Roynane Healy of Leigh, and Kathleen O'Connell and Robert O'Connell of Noard -- all of Two- Mile Borris, Thurles, Co Tipperary.
This is the land that has now been given the green light by An Bord Pleanala to be used for Ireland's biggest single leisure development.
In company accounts filed for the year to June 2010, Dublin Pool & Juke Box Co Ltd says it is "continuing to purchase land and properties in order to develop Casino and leisure complex in Co Tipperary".
The cash-rich company run by Mr Quirke, who is originally from Thurles, had retained profits of €16.7m and financial assets of €30m in its last accounts for 2010.
It also spent €6.7m on "purchase of assets", which may have been used to invest in land for the so-called Tipperary Venue.
Mr Quirke and his wife, Anne, who now live in a mansion in Cabinteely, Co Dublin, were paid €1m by the company last year.
Company documents also show that, over the years, they have paid off mortgages on property at 50-51-52-53-54 O'Connell Street, Dublin; Moore Lane; and large amounts of property in Brunswick Street, Phibsboro and Rush, all in Dublin.