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Crosbie seeks to stop NAMA pursuing debt

Friday, June 13 14:50:26

Businessman Harry Crosbie has lodged High Court proceedings against the National Asset Management Agency (NAMA).

The court action calls on NAMA to stop pursuing any outstanding debt against him.

The High Court case also calls for the removal of the receiver from the Bord Gais Energy Theatre - and also looks for compensation for so called 'leaks made by NAMA of personal information regarding his financial affairs'.

Earlier this year, NAMA applied to the commercial court for summary judgment of E77 million against Mr. Crosbie, who is being represented by former Minister for Justice and Attorney-General, Michael McDowell.

NAMA claims that Mr Crosbie failed to disclose substantial assets to the agency and paid his wife E1.4 million just prior to it taking over his loans in 2010.

It said it took action against the businessman because he failed to disclose substantial assets, including three apartments in the south of France, when asked to provide details of all assets held by himself and his family.