Michael Lowry's Irish Nationwide debts and undeclared land deal

[Kev Bar]

Lowry has criticised the Government for their failure to tackle the on-going societal problems of personal insolvency and mortgage debt.


This is the guy who is refusing to pay back his land speculation debts to banks now owned by the Irish taxpayer while driving around in a 70K car
http://www.tipperarystar.ie/news/bus...owry-1-3792357

Go on the Tipp Star. There's journalism for ya.

[C. Flower]

Lowryland - Interview by Colm Keena

http://www.irishtimes.com/newspaper/...83.html?via=mr

[DCon]

Kenny under some minor, vague criticism

The perception that Mr Lowry was still close to Fine Gael ministers was "saving his political career", the Taoiseach was told.

It seems someone fears for his seat

Mr Coonan is also believed to have suggested that FG ministers tell voters that "they have a FG TD in Tipperary and don't need Lowry''.

http://www.independent.ie/opinion/co...y-3101491.html

[PaddyJoe]

Lowryland - Interview by Colm Keena

http://www.irishtimes.com/newspaper/...83.html?via=mr

That's quite an interview by Colm Keena. A pity he didn't have a camera crew with him. I'd like to have seen Lowry's face at this point:

Asked whether he believes the Independent group’s coverage of his affairs will change now that the O’Reilly family is no longer in control of the group, Lowry smiles and says: “Definitely.” O’Brien is now the largest shareholder in the group.

[Kev Bar]

"You constantly wonder can you believe him"

[PaddyJoe]

Sam Smyth had a letter in the IT yesterday which clarifies some issues in Colm Keena's interview with Lowry:

Sir, – The feature on the cover of the Weekend Review (May 5th), “Welcome to Lowryland”, assumes that a legal action taken against me by Michael Lowry has still to be heard.

The legal action against me was finally dismissed in February this year when the president of the High Court ruled against Mr Lowry’s appeal of a decision in my favour made in the Circuit Court.

There is no legal forum open for him to lodge a further appeal.

Mr Lowry is also liable for my legal costs in both defamation hearings.

http://www.irishtimes.com/newspaper/...315798492.html

[PaddyJoe]

Michael Lowry has decided to dispense with independent audits for his refrigeration company.

ndependent TD Michael Lowry said yesterday that his 'Streamline Enterprises' refrigeration business "is trading successfully" and will continue to do so.

Mr Lowry was yesterday commenting on the company's move to terminate the appointment of auditors, BBT Chartered, to audit the firm's accounts

Asked if the company recorded a profit in 2011, Mr Lowry would only say that Streamline Enterprises "is trading successfully. It is a difficult business environment out there and the company will continue to trade successfully."
He added: "I am happy with how the company is performing."

http://www.independent.ie/business/i...s-3139968.html

[Baron von Biffo]

Michael Lowry has decide to dispense with independent audits for his refrigeration company.


http://www.independent.ie/business/i...s-3139968.html

It's known that Lowry availed of the tax amnesty so he is someone with form for tax dodging. The Revenue really shouldn't be granting audit exemptions to people with his track record.

[PaddyJoe]

Lowry really fell on his feet when he bought a horse in 2007 around the same time that he settled with the Revenue for 1.4 million.

In and around 2007, about the same time he was agreeing a €1.4 million settlement with the Revenue for himself and his business, he was also buying a mare – Wedding Morn – at a cost which has yet to be disclosed (this is not to suggest that the Revenue doesn’t know where the money came from).

The horse has been housed ever since in Coolmore Stud, and has produced four offspring that have been sold for approximately €410,000.

The offspring were sired by Coolmore’s Danehill Dancer, which experts in this area say would have cost approximately €100,000 a service. (The price these days has dropped to €60,000).

Given the cost of keeping his nag in Coolmore and the associated vet fees and other costs, it has all the looks of a very expensive hobby for the independent TD.

http://www.irishtimes.com/newspaper/...320450502.html

[Stanley 2]

Lowry really fell on his feet when he bought a horse in 2007 around the same time that he settled with the Revenue for 1.4 million.

http://www.irishtimes.com/newspaper/...320450502.html

http://www.the-racehorse.com/racing/...at_the_curragh



"out of the unplaced Sadler's Wells mare Wedding Morn, an 80,000 gns broodmare purchase and a half sister to the stakes placed winner ventura"


The horse was no great shakes but the breeding was impeccable with Coolmore stamped all over it, wonder if Lowry paid the 80k, bills from lodging at Coolmore would easily be 15k per annum, with covering fees this is very much a rich man's game, horse should have been called SuperCasino.

[PaddyJoe]

Sam Smyth is looking for 47.5K from Lowry for legal costs. Possible bankruptcy proceeding mentioned.

[Baron von Biffo]

Sam Smyth is looking for 47.5K from Lowry for legal costs. Possible bankruptcy proceeding mentioned.

And he's perfectly entitled to go after his costs. But how would the story be presented if Lowry had won and sought to bankrupt Smyth?

[PaddyJoe]

And he's perfectly entitled to go after his costs. But how would the story be presented if Lowry had won and sought to bankrupt Smyth?

Corrupt Irish parliamentarian forces investigative journalist into bankruptcy

perhaps

[Baron von Biffo]

Corrupt Irish parliamentarian forces investigative journalist into bankruptcy

perhaps

See inside pages 2,3,4,5,6,7,8,9 [...] 50,51,52.

And no end of 'Brave Reporters' would have atrocity stories.

[Sam Lord]

And he's perfectly entitled to go after his costs. But how would the story be presented if Lowry had won and sought to bankrupt Smyth?

He is indeed entitled to go after his costs. Lowry sued him and lost. There is no reason on God's earth why Smith should eat the nearly 50K in legal costs.