Courts / Waterford / Report

Businessman claims signature on mortgage deeds was forged

Date
2018-11-06

Stage
Hearing Or Decision

Primary locality
Waterford

Summary

Patrick Wheelock, an engineer and businessman, has taken the High Court to challenge the appointment of Stephen Tennant of Grant Thornton as receiver over his Monvoy lands in County Waterford. Wheelock alleges that the signatures on deeds of mortgage, purportedly charging his property to the now-defunct Anglo Irish Bank, are forgeries. He claims he never agreed to any mortgage or charge and was unaware of the purported deeds until 2014, when he sued his former accountant for alleged fraud and misappropriation of €7.9 million. The accountant had allegedly falsified Wheelock's signature on documents dated 2003 and 2008, creating security interests in favour of Anglo. NAMA acquired the mortgages, sold them to Promontoria in 2017, and Promontoria appointed a receiver to bypass commercial court proceedings. Wheelock seeks orders preventing the receiver from selling or advertising the Monvoy lands, which he intends to develop. The case is currently before the Commercial Court, with the matter returned to Friday's sitting.

Who, what, where, when and why

What: Report matter: Businessman claims signature on mortgage deeds was forged. Procedural stage: hearing_or_decision

When:

2003 and 2008 Other
2018-11-06 Publication

Why: This is because Mr Wheelock claims that his signatures on deeds of mortgage, which purport to charge his interest in the lands in favour of the now defunct Anglo Irish Bank over the lands, are forgeries and not his signatures. CNI source report