Lol!Another corner turned on the road to recovery.
Bailiffs return seized luxury car to property developer - The Irish Times - Sat, Aug 07, 2010PROPERTY DEVELOPER Paddy Kelly was reunited yesterday with the 7 series BMW which was taken from his Donnybrook home by bailiffs on Thursday.
According to Mr Kelly, a representative for the sheriff returned the car, which belongs to his wife Maureen, early yesterday afternoon. Mr Kelly said the driver of the car apologised to Ms Kelly on behalf of the sheriff after Mr Kelly suggested it would be appropriate to do so.
On Thursday, bailiffs acting on foot of a warrant to the Dublin City Sheriff’s Office initiated by ACC seized the seven-year-old saloon car. ACCBank has a series of judgments against Mr Kelly. In April the bank obtained a judgment against Mr Kelly and his sons for €16.9 million in respect of development loans.
Both ACC and the Dublin City Sheriff declined to comment.
Mr Kelly told The Irish Times he had never owned the car and that the authorities had documents indicating this. He is taking legal advice on the matter. “ACC engaged in an isolated action which was not well-judged,” he said. “However, we don’t hold a grudge.”
Couldn't agree more. When he first started writing those articles the Tribune put in a footnote with a disclaimer of sorts, saying who he was, what he did and that he owed significant amounts to Anglo. The past few weeks that footnote has been missing and it almost comes across as an Editorial piece. I was suprised at the Tribune allowing him to write such horsesh1te.
Cookie......I could subscribe to a lot of that. Ironic truth and all that.You know, I'm generally the one who defends the generic "developer". because without them we'd not have much the development that was needed back in the 90s... but then it got out of hand, and I still lay most of the blame of rezoning addicted county councilors, but anyway.
I have time for those who were in that business and took their downfall and being just part of the business. Sometimes you fail and that's that. It's slimey scumbags like this guy who really deserve to be knocked from their self granted pedestal fast and hard.