Jeffrey Leo denies concealing Utmasta stake during High Court case

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

Jeffrey Leo denied misappropriating a $60m investment during High Court cross-examination reported on 19 November 2025. The Wennings allege that he misappropriated the money they entrusted to him; Leo denies the allegation.

The questioning also concerned Utmasta, contracted to operate an international protection accommodation centre at Dundrum House Hotel in Co Tipperary. A declaration of trust was put to Leo as showing that he and his wife held a 50% stake; he denied trying to conceal his involvement and said neither received income from the contract.