Developers told to repay €22m loans
Judgment was entered against businessman Charles Anthony Cromwell, Downstown, Duleek, Co Meath, for €13.3m related to the purchase of a site in Donabate, Dublin, for €15m in 2007. He planned to obtain planning permission for the site and then sell it on but failed to secure permission, AIB’s Therese Duhig said.
A two-year moratorium on the payment of the interest and capital sum expired in October and discussions took place with the bank as to how he might discharge his indebtedness, she said.
