Fakir Hossain faces €403,000 asset-freezing order

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Fakir Hossain faced temporary asset-freezing injunctions in the High Court on 12 June 2014, limiting him and Hasina Akter from reducing assets below €403,000. The orders followed liquidator Anthony J Fitzpatrick’s concerns that money allegedly owed to Eden College creditors could be transferred abroad.

The liquidator also sought repayment of the money and a declaration that withdrawals from Eden College’s account amounted to fraud on creditors. The report said the proceedings were adjourned to the following Wednesday, and did not establish a final ruling on those claims.

This report covers an earlier stage of the case. Later developments are not reported here.