Two men secure order restraining firm reducing bank account below €1.7m

TWO businessmen have secured an interim order restraining Etic Solutions Limited, Ballybofey, Co Donegal, from reducing its AIB account below €1.7 million because of investments, inclusive of the projected interest, which the men made with the company last year.

They are seeking summary judgment against the investment company of the total amount involved.

The order made returnable for next Monday was granted yesterday by Ms Justice Mary Laffoy on the application of Noel Travers, counsel for Daniel O’Donnell, of Termon, Co Donegal and South 55th Court, Oaklawn, Illinois, US, in respect of €1,692,000 he invested, and John O’Donnell (no relation) of Cluain Ard, Letterkenny, Co Donegal, concerning a sum of €74,000.