Garret Hevey and David Peile liable for forestry fraud debts

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

Garret Hevey was made liable for €3,807,142 in forestry fraud debts by the High Court, in a judgment reported on 19 February 2024.

The judge also declared David Peile liable for a portion of Arden Forestry Management’s debts, to be finalised at a later hearing. The court found Peile knowingly participated in the business with intent to defraud creditors, while accepting his involvement was materially less than Hevey’s.

The company raised more than €6.4 million from 166 investors for forestry interests, but acquired about 30 acres for €133,925, according to the liquidator’s investigation.