"Nicola Tallant, in the Sunday World last, reported how auctioneer Arthur French owes €50million to IBRC following a series of loans from Michael Fingleton’s Irish Nationwide Building Society and property and land purchases in Dublin, Kildare, Galway and Two Mile Borris in Tipperary.
It stated 10 properties French bought are now in NAMA.
But, the article, continued: “The millionaire auctioneer has allegedly cashed in around €10million of successful property developments in the last three years but has failed to pay any of what he owes to the State.”
Adding: “(French) was shocked when we contacted him about his NAMA loans, saying ‘Why are you running a story on it? You don’t run a story on everyone who is in NAMA.’ French then refused to comment on why he has not paid any money back on the loans, despite reports that he has sold off assets in the region of €10million over the past three years."
You gotta laugh buying property in Two Mile Borris nails French to Lowry and Fingers.