Nama granted freezing order against McCabes in row over fate of €6.2m
Nama sought the orders over its concerns that the McCabes had misappropriated or dissipated more than €6.2m, including income generated by assets secured in favour of the agency. The McCabes, whose group of companies are indebted to Nama for over €235m, have denied the claims.
Yesterday at the High Court, Mr Justice Patrick McCarthy said he was satisfied to grant Nama a number of temporary injunctions — known as mareva injunctions — freezing the assets of John McCabe Sr and his wife Mary McCabe, of Rath Stud, Ashbourne, Co Meath.
