Nama granted freezing order against McCabes in row over fate of €6.2m

Nama has secured a number of High Court orders freezing the assets of developer John McCabe and members of his family.

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.