Thursday 15 November 2018

John Perry's case is "indicative" of many Irish business people, says Taoiseach

John Perry: under significant pressure
John Perry: under significant pressure

TAOISEACH Enda Kenny says he has spoken with John Perry about the junior minister’s financial difficulties. Mr Perry has six weeks to find a means of paying almost €2.5m in debts.

Speaking on Mid-West Radio in Mayo this morning, Mr Kenny said Mr Perry was committed to continuing his work as Small Business Minister.

“Obviously he has worked exceptionally hard in terms of his ministry. He’s got a court judgment to deal with here now in respect of the next five or six weeks,” he said.

Mr Kenny said Mr Perry’s case was “indicative” of a number of business people across the country who have got into difficulty.

“I don’t really want to say anymore about John Perry’s particular problem. I spoke to him on Sunday and obviously they are working on that for the future,” he said.

On Monday, Mr Perry and his wife Marie consented to a judgement of €2.47m against them at the Commercial Court over unpaid loans.

Danske Bank issued the loans in October 2011, to be repaid by by November 2012, to restructure existing loans and an overdraft account and provide €25,000 towards tax affairs.

The loans were secured by first legal mortgages over property including Perry's Hardware store and the Stone Park restaurant at Main Street, Ballymote, Co Sligo. 

The judge entered judgment for €2.47m but granted the couple a stay to September 2 on its execution and registration.

Online Editors

Business Newsletter

Read the leading stories from the world of Business.

Also in Business