Wednesday 24 January 2018

Bank of Ireland gets €5.7m ruling against husband and wife

Peter Flanagan

JUDGEMENTS totalling more than €5.7m have been secured by Bank of Ireland against a husband and wife from Co Tipperary.

The bank secured a judgement of €5,290,500 against Pat Barry, and €426,249 against Mary Barry, both of Ballyhane, Cappawhite, Co Tipperary.

Mr Barry is the son of Willie Barry, who was reported as holding 166 accounts across the country during the Dail Dirt inquiry of the late 1990s.

Mr Barry (39) and his wife are directors of Cappawhite Contractors -- an engineering services company.

Mr Barry was apparently out of the country and could not be reached for comment last night.

Bank of Ireland also secured a judgement of €3,513,861 against the Naas-based developer and hotelier John O'Connell.

Last summer receivers for Mr O'Connell's Osprey Hotel called in financial experts after its owners ran up debts of €50m. That move was prompted by Allied Irish Bank.

Hotel Asset Management Services, a company which specialises in advising hotels experiencing trading difficulties on how to run their business, now manage the hotel as a going concern.

Mr O'Connell is a director of the hotel's owners Naas Developments and Twangbrook Ltd -- reported as owing AIB €40m and €14m respectively.

Irish Independent

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