High Court reserves Cassidy accounts ruling

The High Court has reserved its decision in Custom House Capital’s former chief executive Harry Cassidy’s challenge against orders freezing two accounts with the Bank of Ireland.

Mr Cassidy brought an action in respect of two accounts held by a private pension trust which has two independent trustees and was established in 2000 to administer his pension.

The court heard Mr Cassidy was the sole beneficiary of the €180,000 held in the accounts frozen in Jul 2012.