Monday 23 October 2017

Leader of mystery anti-eviction trust arrested

Charlie Allen: in custody
Charlie Allen: in custody

Alan O'Keeffe

THE leader of a mystery trust who claimed he could stop banks repossessing heavily indebted properties has been arrested by gardai.

Charlie Allen, head of the Rodolphus Allen Private Family Trust, was arrested on foot a High Court arrest warrant issued on September 27 last.

Thousands of struggling business people and farmers facing the seizure of their properties have signed over their properties to Mr Allen's trust.

He was arrested by gardai in the outbuildings of an old mansion in Little Island in the suburbs of Cork City.

The anti-eviction activist, from Inistiogue, Co Kilkenny, was the chief organiser of the trust which has accepted some €2bn worth of assets from around 2,000 debtors.

Mr Allen claimed there was a loophole in mortgage documents, and other paperwork, that allows the trust to put assets beyond the reach of banks.

Leading lawyers have criticised Mr Allen's approach and his use of the controversial trust idea, describing it as "legal nonsense". They questioned if the trust arrangement would work in preventing repossessions.

The High Court warrant related to Mr Allen's role in a standoff against IBRC receivers at Kennycourt Stud farm in Brannockstown, Kildare, last August.

Two security men working for a bank had been forcibly ejected from the farm.

The owner of Kennycourt Stud farm, Eugene McDermott, was recently arrested for contempt of court arising out of the confrontations on his land, with Mr Justice Brian McGovern telling him there was "no justification for letting a mob on to your lands".

Irish Independent

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