Courts / Louth / Report

Asset transfers made to frustrate families of Omagh victims, official claims

Summary

An application to set aside alleged asset transfers involving Michael Colm Murphy, a discharged bankrupt, has been admitted to the fast-track Commercial Court list. The court heard that the transfers were made by Murphy to his former wife Anne Murphy and sister-in-law Rita Hoey. The Deputy Official Assignee Denis Ryan claims the transfers were an attempt to frustrate Murphy's creditors, including 12 family members of the victims of the 1998 Omagh bombing. The Official Assignee, represented by Edward Farrelly SC, alleges that five asset transfers, including property, were made when civil and criminal proceedings were pending against Murphy for his alleged role in the atrocity carried out by the Real IRA. Murphy was cleared of all criminal charges in connection with the bombing, having been previously convicted in 2002, which was later overturned on appeal. In 2013, Murphy was found civilly liable for the bombing along with three other men, and ordered to pay £1.6m in damages to the victims' families. Bankruptcy proceedings were taken against Murphy, Michael McKevitt, and Liam Campbell, who were all adjudicated as bankrupt last year. The transfers, which include Murphy's family home, shares in companies, and land, were made between April 1999 and October 2001. It is also alleged that Murphy transferred £340,000 in cash to a trust for his children, which was used to buy a property in Dundalk. The Official Assignee seeks various orders and declarations, including that the assets be held in trust for the bankruptcy estate. The case was adjourned to a date in November.

Who, what, where, when and why

What: Report matter: Asset transfers made to frustrate families of Omagh victims, official claims. Procedural stage: hearing_or_decision

When:

• April 1999 Other
• October 2001 Other
• 2020-09-29 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report