Bank secures €22.5m judgment order against businessman
The bank told Mr Justice Peter Kelly yesterday it also intends to seek similar orders shortly over the same loans against Smart Telecom purchaser Brendan Murtagh and two Cork businessmen, one of whom, Greg Coughlan, is the subject of an arrest warrant over his failure to obey court orders in proceedings over other unpaid loans.
The proceedings arise over a July 2006 €22.6m loan facility to four defendants – Frank Gormley, Maple Road, Clonskeagh, Dublin; Brian Madden, Well Road, Douglas, Cork; Greg Coughlan, Fastnet House, The High Road, Kinsale, Cork; and Mr Murtagh, Dunheeda, Kingscourt, Co Cavan.
