Monday 22 January 2018

McFeely faces court quiz over Isle of Man money trail

Tom McFeely
Tom McFeely

Tom Tuite

BANKRUPT developer Tom McFeely is to be quizzed about an Isle of Man money trail in a trawl of his business dealings during a court action over an unpaid debt.

The former IRA hunger-striker, who built the notorious Priory Hall apartment complex in Donaghmede in Dublin, has failed to pay a €24,288 bill for services obtained from MCR Personnel Ltd, a company which specialises in recruiting for construction firms.

He could face a three-month jail sentence for failing to comply with an instalment order made earlier by Dublin District Court.

He has already given evidence in the proceedings during which he gave an account of his business assets. He had claimed: "Some are in receivership, some in Nama, some retained by the banks."

He had also complained that he was the victim of a "media circus".

Yesterday the action, which has been brought by the Dublin-based recruitment firm, was listed again for mention and McFeely did not attend the case, which was adjourned until September.

PROBLEMATIC

However, Judge Mary Collins was told that McFeely will be facing a two-hour trawl of his financial dealings during the next phase of cross-examination at Dublin District Court.

Benedict O Floinn, for MCR Personnel Ltd, told Judge Collins that it was a "very problematic case". The judge said she thought "it was unlikely that it would just go away".

Mr O Floinn said McFeely has already faced questioning on some of his interests, however, he added there will be another round of cross-examination in which the developer will be quizzed further on his finances.

"We want to cross-examine him about a trail of money through the Isle of Man via AIB, that is the next stage," the barrister explained.

Judge Collins was told that the continued probe of McFeely's business assets would take up to two hours and papers would be lodged in court ahead of the next hearing.

The action to have the builder jailed stems from an unpaid debt to MCR Personnel Ltd, based at Capel Building, in Dublin city centre. McFeely had originally owed them about €34,000 and paid €10,000 to the recruitment company.

Irish Independent

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