Page 1 of 2 12 LastLast
Results 1 to 15 of 30

Thread: Fingleton INBS Connection: Monaghan FF Senator Francie O'Brien Charged

  1. #1
    Join Date
    Mar 2010
    Posts
    22,431

    Default Fingleton INBS Connection: Monaghan FF Senator Francie O'Brien Charged

    In the IT tonight by Simon Carswell:
    ULSTER BANK is seeking to recover €13.5 million in loans due from former chief executive of Irish Nationwide Building Society Michael Fingleton, Fianna Fáil Senator Francie O’Brien, and two Monaghan property developers in a High Court action on Monday.
    Francis “Francie” O’Brien, a dairy farmer by profession, has been a Senator since 1989 and was elected from the agricultural panel. He was a member of Monaghan County Council from 1979 until 2003 and chairman of the council from 1986 to 1987.

    He owns a large amount of property in Cavan and Monaghan.
    Mr O’Brien borrowed €4.47 million from Irish Nationwide to buy 17 acres of agricultural land at Inniskeen in Co Monaghan in 2006. Mr Fingleton agreed to the loans.

    The land was purchased several months before a Monaghan County Council vote on the rezoning of the land, which failed to pass due to local opposition. Several Fianna Fáil councillors voted to rezone the land. Mr O’Brien’s son, Fianna Fáil councillor John O’Brien, declared his interest and abstained from the vote.
    http://www.irishtimes.com/newspaper/...281252039.html
    Last edited by C. Flower; 24-04-2013 at 01:00 PM.

  2. #2
    Join Date
    Mar 2010
    Posts
    1,441

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    francis o'brien's property, according to register of interests.

    Farmland at Edenforan/Tamlet, Latton, Castleblayney, Co. Monaghan: farming; Partnership in land at Scotshouse, Clones, Co. Monaghan: farming and development; Land at Carrickmacross, Co. Monaghan: development;
    Lands at Stradone, Co. Cavan: development;
    Partnership in land in Cavan Town: development;
    Land at Drumfaldra, Latton, Co. Monaghan; farming;
    Land at Inniskeen, Co. Monaghan: development;
    Land at Magheracloone, Co. Monaghan: development;
    Partnership in lands in Ballina, Co. Tipperary; development;
    Lands in Laragh, Castleblayney, Co. Monaghan: development;
    Lands at Cavanagarvan, Corcaghan, Co. Monaghan; development;
    Partnership in lands at Crossmolina, Co. Mayo: development;
    Residential: 29 Greenfields, Newcastle, Co. Galway: letting;
    39 and 40 Thornberry Square, Clonee, Dublin 15: letting;
    7 and 8 Bramley Gate, Muckno Street, Castleblayney, Co. Monaghan, letting;
    Clones Road, Ballybay, Co. Monaghan: letting.
    http://www.oireachtas.ie/viewdoc.asp...14650&CatID=20

  3. #3
    Join Date
    Mar 2010
    Location
    Galway West. Sheep country.
    Posts
    835

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    FF. FF. FF. They just keep appearing again, again and again.

    Fingleton did say he doesnt believe he would be touched since "he knows where the bodies are buried". I know for a while we wondered if FF saved Anglo coz it was "their" bank, but came to believe they may have had a closer relationship with Irish Nationwide. And yet another connection emerges.

    Good to see at least someone is prepared to make him sweat it out in court. Hopefully Fingers absconds to Massachusetts and declares himself Bankrupt. The same day, details of Nationwides dealings are leaked to the Web...
    The first robot president won by exactly one vote. Ah, yes! John Quincy Adding Machine. He struck a chord with the voters when he pledged not to go on a killing spree. But, like most politicians he promised more than he could deliver.

  4. #4
    Join Date
    Mar 2010
    Posts
    7,492

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    I see MR Fingleton is going for an interesting choice with his legal team:-

    Mr Fingleton is being defended by law firm Alfred Thornton, which is based in Dún Laoghaire near his home in Shankill, south Co Dublin. The solicitors are on a panel of 64 firms which provide legal services relating to the purchase of loans by the National Asset Management Agency.

  5. #5
    Join Date
    Mar 2010
    Posts
    22,431

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    I think the edifice is starting to crumble. There has been two years of 'extend and pretend', 'delay and pray', 'kick the can down the road' and now its coming to a stage where the reality of national and individual insolvency can't be concealed any longer.

  6. #6
    Join Date
    Mar 2010
    Posts
    22,431

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    Michael Fingleton has had a €13.6m judgment for an unpaid property loan awarded against him by the Commercial Court. Ulster Bank also obtained judgments against Fianna Fáil Senator Francie O'Brien and two Monaghan property developers Noel Mulligan, from Castleshane and Charles McGuinness.
    Brian McGuckian for the bank said it became concerned about the loans after receiving a statement of affairs from Mr Fingleton which contained no reference to his pension. The bank was also concerned about the assignment of his interest in his family home to his wife.
    Mr Justice Peter Kelly described as 'extraordinary' Mr Fingleton's failure to include his €27m pension in a list of assets and liabilities given to Ulster Bank. He said the pension 'eclipsed' all his other assets but he had omitted it.

    Lawyers for Mr Fingleton described it as a 'genuine error' and said there was no intention to mislead as his pension details were in the public domain.
    http://www.rte.ie/news/2010/1101/fin...-business.html

  7. #7
    Join Date
    Aug 2010
    Posts
    501

    Default Re: Fingleton and Monaghan FF Senator taken to High Court by Ulster Bank

    Quote Originally Posted by PaddyJoe McGillycuddy View Post
    Michael Fingleton has had a €13.6m judgment for an unpaid property loan awarded against him by the Commercial Court. Ulster Bank also obtained judgments against Fianna Fáil Senator Francie O'Brien and two Monaghan property developers Noel Mulligan, from Castleshane and Charles McGuinness.


    http://www.rte.ie/news/2010/1101/fin...-business.html
    Yeah right!

    The "Burntfingers" moniker could be catching though

  8. #8
    Join Date
    Mar 2010
    Posts
    22,431

    Default Former FF Monaghan Senator faces charges

    The Sunday Indo ran a story two weeks ago which claimed that a senior FF figure had been arrested in connection with allegations of blackmail.
    Further details in today's Sun.

    http://www.thesun.co.uk/sol/homepage...ail-probe.html

  9. #9
    Join Date
    Feb 2010
    Posts
    6,111

    Default Re: Former FF Monaghan Senator faces charges

    Quote Originally Posted by PaddyJoe View Post
    The Sunday Indo ran a story two weeks ago which claimed that a senior FF figure had been arrested in connection with allegations of blackmail.
    Further details in today's Sun.

    http://www.thesun.co.uk/sol/homepage...ail-probe.html
    It is understood O’Brien also lost a fortune when he borrowed undisclosed millions to buy a 17-acre field on the outskirts of Inniskeen, Co Monaghan — the home of poet Patrick Kavanagh — in 2006. O’Brien had hoped to make a windfall by having the land rezoned by Monaghan Co Council for development purposes.

    However, the plan for up to 1,000 extra houses was thrown out when the local community banded together to oppose it.
    Give me a misty day, pearly gray, silver, silky faced, wide-awake crescent-shaped smile

  10. #10
    Join Date
    Mar 2010
    Posts
    12,044

    Default Re: Former FF Monaghan Senator faces charges

    Fair go to the people of Monaghan for stopping this fellow.
    Think National. Act Local. Oh- and superstition is just the dark matter of human history.

  11. #11
    Join Date
    Mar 2010
    Posts
    22,431

    Default Re: Former FF Monaghan Senator faces charges

    An older thread here concerning Francie O'Brien and Fingleton's INBS:
    http://www.politicalworld.org/showthread.php?t=4926

  12. #12
    Join Date
    Feb 2010
    Posts
    6,111

    Default Re: Former FF Monaghan Senator faces charges

    An example for us all to follow.

    The senator bought the field on the outskirts of the tourist village of Inniskeen in Co Monaghan from a local farmer shortly before the county council was due to vote on a new development plan. But locals realised the number of houses in the village could rocket from 121 to 1,000 if the fields owned by Mr O'Brien and other landowners were rezoned. And they began a campaign to halt the rezoning.

    The Inniskeen Action Committee succeeded in gathering 800 signatures from the 1,200 people living in the wider parish and held packed public meetings in the old parochial hall in the centre of the village. There were warnings from supportive councillors that the village could be "swamped" if the large-scale rezoning plan was passed -- due to Inniskeen's proximity to the M1 motorway. The community had previously organised themselves to gather funding for a centre to commemorate their most famous son -- poet Patrick Kavanagh.

    The 17-acre field on the outskirts of Inniskeen village was owned by a farmer before being bought by Mr O'Brien in 2006. Several Fianna Fail members of the council voted in favour of rezoning the land, while Mr O'Brien's son, Cllr John O'Brien, declared his interest and abstained.

    But Fine Gael and Sinn Fein councillors defeated the rezoning recommendation by 12 votes to seven at a meeting on November 1, 2006. It means that Mr O'Brien is now the owner of a field which can only be used for agricultural purposes -- and is worth substantially less than the multi-million euro fee he paid for it.

    He has never disclosed the exact price.

    2010: His register of interests in the Seanad declares no other means of income except his Seanad salary of around €70,000 and his expenses -- which amounted to €207,089.48 between 2005-2008. HERE
    Give me a misty day, pearly gray, silver, silky faced, wide-awake crescent-shaped smile

  13. #13
    Join Date
    Feb 2010
    Posts
    6,111

    Default Re: Former FF Monaghan Senator faces charges

    He currently owes the banks a staggering €13.3million from a string of failed property development projects while having only €430,000 in assets to his name.
    ....
    Give me a misty day, pearly gray, silver, silky faced, wide-awake crescent-shaped smile

  14. #14
    Join Date
    Feb 2010
    Location
    Rockall
    Posts
    78,982

    Default Re: Former FF Monaghan Senator faces charges

    Quote Originally Posted by Andrew49 View Post
    ....
    Not to worry. We will be closing down public services and cutting wages (other peoples' wages) to pay off his bad debt.

    We will not have "debtor" blazened across our foreheads.

  15. #15
    Join Date
    Mar 2010
    Location
    Dublin North-West - the leading constituency!
    Posts
    5,881

    Default Re: Former FF Monaghan Senator faces charges

    Business as usual then..............

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share us
Follow Us