GALWAY businessman John Sweeney, whose Black Shore Holdings (BSH) company was wound up last week, has agreed to a €2.7m summary judgment order being made against him over unpaid loans.
HSBC Private Bank Ireland sought the order arising from a €2.7m loan extended in December 2007 to enable him to undertake investments, subject to bank approval
When the proceedings came before Mr Justice Peter Kelly at the Commercial Court yesterday, he was told Mr Sweeney, of Goreen, Gortacleva, Bushy Park, Galway, was consenting to judgment in the sum sought.
Last week, Mr Justice Brian McGovern made an order for the winding up of BSH, the insolvent holding company for the group of Black Shore companies. Those companies include a company which owns a 33pc stake in Dublin's Shelbourne Hotel.
Five held over poison alcohol
five alleged alcohol peddlers have been arrested over the deaths of 16 people who drank liquor laced with poisonous methanol on the island of Java.
Police in Indonesia said the five were arrested for allegedly making a liquid that endangered life but that charges had not been filed yet. The bodies of 16 people who died earlier this month will be exhumed in the investigation.
Climber stuck in US volcano
High winds have forced the suspension of the rescue effort for a climber who fell into the crater at the Mount St Helens volcano when a cornice of snow collapsed.
Dangerous downdrafts were dislodging rocks, making footing unstable for search teams in the US state of Washington. The man was spotted in the crater by a helicopter yesterday.
Ruff journey for star Ewan
ACTOR Ewan McGregor is gearing up his dog Sid to ride in a motorbike sidecar with him on his next trek.
The keen biker, who was accompanied by pal Charley Boorman for his series Long Way Round and Long Way Down, is aiming to bike across South America and has even bought Sid a set of "doggles" -- goggles for dogs.