NAMA Movers and shakers, Liam Carroll: 3 billion collapse, battled with ACC & Bank of Sc’. Pimco & Brehon Capital bought chunks of his debt / empire at 90% write down. Back working. Bernard McNamara is shackle free of the 1.2 billion debt, fast tracked through the UK bankruptcy court. Back working, he has the contract of the Denis O’Brien office block, we understand. Sean Mulryan is leaning up his debt and is close to raising the 2.5 billion to develop a site in the UK, Dublin and Kildare. Joe O’Reilly, NAMA bought his debt from Ulster Bank, he went into NAMA owing 3 billion, He seems to be back working, developing Moore Street, Michael O’Flynn exits NAMA when a I billion plus loan was bought by Blackstone = just after that deal with NAMA he secures a 13 million site & 70 million to develop it. Gerry Gannon, former billionaire was paid €170K a year by NAMA to help wind up his company. So says SBP.
Posted on: Tue, 22 Jul 2014 10:04:43 +0000
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