Saturday 25 November 2017

Shane Phelan: This building was meant to be the making of Callely -- now his career's crumbling

Shane Phelan

Shane Phelan

MARCH 30, 2007 was a fateful date in the life of Ivor Callely. It was the day he made a number of major financial decisions that would later come back to haunt him.

Sitting in the offices of WB Gavin and Company Solicitors at the Crescent in Galway, he formally signed up to what he hoped would be the investment to put him on easy street.

Along with three other investors -- Galway businessmen John O'Dolan, Daragh Sharkey and Denis Kenny -- the then TD put pen to paper on a €10m mortgage loan from Investec Bank.

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