Wednesday 29 January 2020

Former FF politician never far from the headlines

Cormac McQuinn

Cormac McQuinn

ONCE the running mate of former Taoiseach Brian Cowen, Ger Killally's political career ended prior to the 2009 local elections.

Involved in a legal row over a multi-million euro land deal, he announced he would not stand for "business and personal" reasons.

Having almost won a Dail seat on Mr Cowen's coat-tails in 2002, Killally said he hoped his resignation would "take the focus from Brian, Fianna Fail and perhaps somewhat from myself, family and business partners".

However, mounting debts, a string of legal battles over property deals, and a conviction for theft meant that Killally's name would never be far from the headlines in the years since.

Known as the 'Edenderry's Posh and Becks' during the boom years, the 42-year-old estate agent and his wife, Naomi, were declared bankrupt in July 2009, just over a month after the local elections.

Killally declared debts of over €84m and assets of just over €5.1m. Those assets included the Co Offaly mansion he shares with his wife and four children.

Valued at €800,000 in 2010, the imposing property was the scene of the shooting incident.

During a court appearance prior to his bankruptcy petition, a tearful Killally told the commercial court that his household cost €16,000 a month to run.

Other assets listed as part of his bankruptcy include several residential and commercial units in the midlands, many jointly owned with his wife or business partners.

He also lists an apartment in Dublin's Grand Canal Dock and another in Cyprus which is subject to an ownership dispute.

However, Killally also lists 49 unsecured debts, many of which were the subject of legal battles.

Financial institutions among his creditors include EBS, AIB and National Irish Bank – now rebranded Danske Bank.

In 2009 Killally and Richie Connor, a former Offaly football manager, settled a multi-million euro damages action against them in the High Court.

Last November, Killally was convicted of stealing equipment worth €18,000 from a shop he used to own in Co Westmeath.

He stashed the items in the stables of his luxurious home, then sold them on the Done Deal website.

He admitted the offence and received a three-year suspended prison sentence and 240 hours of community service.

Irish Independent

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