Receiver appointed to take control of Kelly’s shares in two firms

A RECEIVER has been appointed to take control of shares held in two companies by embattled developer Paddy Kelly.

National Irish Bank brought the application to have the receiver appointed to receive Mr Kelly’s interest in 866,000 shares he holds in Club Company Holdings, with registered offices at Castle Royle Golf and Country Club, Reading, Berkshire, UK.

The shares are in turn held on trust for Mr Kelly by a company called Zarling.