Two men have been ordered by the High Court not to reduce the value of their assets to below 8m pending a ruling next Monday in a legal row over secret profits alleged to have made by them from a number of land deals.
The court heard that Offaly Fianna Fáil [until last month] Councillor Gerard Killally and his business partner Richard Connor, a former GAA football manager, have now admitted that they received profits on two land deals totalling 3.5m which were not disclosed to other individuals in the partnerships.
Ger Killaly with The Taoiseach at the Offaly homecoming/singalong last summer.
Offaly County Councillor Ger Killally was Mr Cowen's running mate in Offaly in the 2002 general election.
Seen by many in the party as a bright hope for the future, Cllr Killally hit the campaign trail in 2002 with the then Minister for Foreign Affairs Brian Cowen in an attempt to get a Dail seat for the party.
Mr Cowen then went on to top the poll in 2002, while Mr Killally narrowly missed out on a seat.
Since then, the councillor has continued in local politics and was snapped alongside Mr Cowen during his "homecoming" celebrations in Tullamore last May when he was made Taoiseach.