Courts / Dublin / Report

Court makes orders allowing CAB repossess and sell house

Summary

In a High Court case on 1 November 2016, Mr Justice Paul Gilligan ordered the sale of a Dublin house at 75 Riverside Drive, Clonshaugh, owned by Brian Mahony, after the Criminal Assets Bureau (CAB) claimed it was bought with proceeds of crime. CAB's application followed Mahony's failure to satisfy a 2013 Revenue judgment of €1.25 million. The house, acquired in 2005 for €300 000 with a mortgage from EBS and a €30 000 deposit, was later found to have been financed by unknown criminal activity. Mahony's wife, Ciara Mahony, opposed the sale, asserting she had an interest and had been making mortgage payments and paying for upkeep. The judge questioned the credibility of her claims, noting a lack of evidence that her payments came from her own income and that any contributions were negligible.

Who, what, where, when and why

What: Report matter: Court makes orders allowing CAB repossess and sell house. Procedural stage: hearing_or_decision

When:

• 2016-11-01 Publication

Why: This was because the difference in the value of the property, which was worth some €250,000, against what is now estimated what is owed to the lender, was likely to be very small. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report