Anglo official must give ‘yes or no’ answer over 2009 solvency
A solicitor for Kevin Mc-Nulty had sought orders requiring that all documents be discovered relating to Anglo’s solvency after Sept 2008 as part of his client’s defence to proceedings brought against him by a company belonging to Nama, which took over the Anglo loans at issue.
One of the “fundamental defences” advanced by Mr McNulty and his companies was that Anglo, which was nationalised in Jan 2009, was insolvent when it purported to make the alleged loans, solicitor John Larney said in an affidavit.
