Friday 23 February 2018

Carey and Newman deny they failed to engage with AIB over €9.5m in loans

HURLING star DJ Carey and his partner Sarah Newman last night rejected suggestions they failed to engage with AIB over €9.5m in property loans, writes Donal O'Donovan.

The couple issued a short statement after the Commercial Court ordered them to repay the money to AIB after falling behind on loan repayments.

"In response to an incorrect comment on behalf of AIB Bank in court on Monday, May 9, that Mr Carey and Ms Newman had failed to submit proposals to AIB Bank regarding their outstanding liabilities to the bank, they wish to state that detailed and comprehensive financial proposals, prepared by their financial advisers, were submitted to the bank on a number of occasions, most recently April of this year," it read.

The couple added that they have dealt proactively and professionally with the bank.

It contradicts lawyers for AIB who said in court that the couple failed to submit proposals to AIB after being contacted by the bank when loans fell into arrears.

On Monday, Judge Peter Kelly ordered the couple to repay the loans -- taken out as mortgages on luxury properties at the K Club and Mount Juliet in 2007.

Neither Mr Carey or Ms Newman were in court for the hearing but both said they were consenting to the judgment.

Irish Independent

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