Auctioneer Arthur French

**Stanley 2** · 28-06-2012, 05:08 PM

"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.

**PaddyJoe** · 28-06-2012, 05:14 PM

Arthur French has been mentioned on here before:
http://www.politicalworld.org/showpo...16&postcount=9

**PaddyJoe** · 28-06-2012, 05:37 PM

Arthur is of course reputed to be a friend of Phil Hogan's and has raised funds for FG

An acquaintance of Minister for the Environment Phil Hogan says he never met Mr Hogan about Poolbeg

AN ESTATE agent and developer who has raised funds for Fine Gael was hired by American company Covanta to progress its controversial plans for the Poolbeg municipal waste incinerator in Dublin, The Irish Times has learned.

Arthur French, a leading figure in Kildare GAA circles who has played golf with Minister for the Environment Phil Hogan, is believed to have been engaged by Covanta to ensure that hurdles facing its Poolbeg project were overcome, according to sources.

A Covanta spokesman said Mr French “is one of a number of consultants retained by the company to help us progress our project . . . He has been advising the company since last year and was retained to assist on a variety of commercial issues, including financing.”

Mr French said he had “nothing to hide”. He was advising Covanta on private equity funding and had not been hired because he knew Mr Hogan, he said, adding: “I know an awful lot of politicians better than Phil.

http://www.irishtimes.com/newspaper/...302232774.html