Owner of debt recovery business used fake documents to get mortgage

A Dublin businessman has admitted to submitting fraudulent documents to obtain a €71,000 mortgage from Ulster Bank in April 2016. Kevin Molloy, aged 49, of Dublin Road, Celbridge, County Kildare, pleaded guilty at Dublin Circuit Criminal Court to three offences under the Theft and Fraud Acts committed between December 2014 and August 2016. The owner of a debt recovery business had initially applied to Bank of Ireland in late 2014, but that application was declined after officials questioned the authenticity of his documentation. When Molloy subsequently approached Ulster Bank, he provided altered bank statements, a falsified P60 tax document, and wage slips from companies in liquidation. The offences came to light in July 2016 following a Bank of Ireland report to gardaí. Molloy continues to reside in the property with his family and maintains mortgage repayments. Ulster Bank has not pursued charges. Judge Melanie Greally adjourned sentencing to October 2018 and ordered a community service assessment. Molloy was remanded on continuing bail.