Thursday 23 March 2017

Builder in poll race has €40m debts

MICK Wallace, the anti-establishment Wexford builder, has made history as the only candidate to admit fighting the General Election while nursing debts of €40m.

Mr Wallace, who is running as an independent, said yesterday he owes the vast debt to three banks and is fighting to keep his businesses alive.

The only reason he has avoided going into National Assets Management Agency (Nama) is because his loans are with foreign-owned banks, and therefore exempt.

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