Tuesday 21 November 2017

Ex-Anglo chairman served with legal papers on street

Maeve Sheehan

Maeve Sheehan

FORMER Anglo Irish Bank chairman Alan Dukes was followed along a Dublin street and served with legal papers relating to a High Court case tomorrow.

The papers were served by Dublin hotelier Johnny Moran, who is in legal dispute with the bank – later renamed IBRC.

He caught up with the former Fine Gael leader on North Great Georges Street in Dublin at around 3pm.

The documents related to a notice of motion before the High Court tomorrow in which Mr Moran is seeking to compel Mr Dukes and other former directors of IBRC to prepare a statement of affairs on the former Anglo.

Mr Moran is taking the case to find out the value of IBRC at the time the bank was liquidated, and whether or not it was solvent.

Mr Dukes was chairman of the bank – renamed IBRC – when it was liquidated following the enactment of emergency legislation in March.

Company law requires the directors of a company to prepare a statement of affairs that shows that bank's true financial position at the time it was liquidated.

Irish Independent

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