However, the report did not take account of the sale of the golf resort properties.
Most of the bank’s judgment against Mr Carey, some €7.85 million, related to a Celtic Tiger-era loan to buy the properties at the K Club and Mount Juliet prior to the property crash when homes at the five-star golf resorts were selling for multimillion euro sums.Land Registry records show that he became owner of the property in May 2008 and that his ownership was cancelled in September 2014 following the sale of the property.
AIB’s charge against the property, dating back to October 2007, was also cancelled with the sale of the home, indicating that some of the bank’s debt was satisfied from the sale.
Greed & its in the family !!!!!
What a horrible prick!
So what! So where did the other 7 million come from.
Where is he living now. Modest flat in kk no doubt
So debt was originally over 11 million
Kilkenny should be made hand back all the all irelands the won with him playing
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AIB to be called on to answer questions on write-downsThe Oireachtas Finance Committee is to request senior management from Allied Irish Banks (AIB) to appear before it to answer questions about the bank's policy on debt write-downs. And we all know what they are like for answering questions!! About Time. People on medium income. Are expected to pay back every cent they owe to A.I.B,if they have a loan.What's going on in the main banks is criminal. The amount of so called high profile people getting write-downs, has to stop,As always no Accountability,and who you know Tis a great little country if you owe millions and are involved in gaa
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