Thursday 15 November 2018

Ammado's Conlon to challenge asset freeze

Businessman Peter Conlon. Photo: Fergal Phillips.
Businessman Peter Conlon. Photo: Fergal Phillips.

Aodhan O'Faolain

Peter Conlon, the founder of charities fundraising platform Ammado, who is at the centre of an investigation into the alleged misappropriation of some €3.8m in donations, intends to contest High Court orders freezing his assets.

Ms Justice Caroline Costello was informed yesterday that Mr Conlon, who is currently detained in a Swiss prison, intends to oppose the continuation of the injunction freezing his assets.

The injunction freezing his assets including his bank accounts below a value of €3.8m, was granted earlier this year following an application to the court by liquidator Myles Kirby. Mr Kirby was appointed liquidator of an Irish entity called Pembroke Dynamic Internet Services, which has links to Ammado.

Mr Kirby, who was appointed to wind up the company over a €400,000 debt owed to Revenue, sought the orders after he commenced an investigation into Pembroke Dynamic.

As part of his probe, Mr Kirby discovered various charities have not received some €3.8m donated to them via the platform.

Mr Kirby claimed Mr Conlon was "guilty of very serious misconduct" as company funds were used for personal expenditure.

Some 700 national and international charities have been contacted as part of the liquidator's investigation.

On Thursday, Rossa Fanning SC, for the liquidator, said his client was seeking to fix a date for the hearing of an application to have the injunction remain in place until the case has been decided. As counsel was making his submissions Ms Justice Costello was made aware of a letter emailed to the court on behalf of Mr Conlon.

The judge said that Mr Conlon was indicating in the letter that he intended to oppose the application to continue the freezing orders. The matter was adjourned to November.

Irish Independent

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