Man accused of asset transfer fraud in Dublin

A businessman has allegedly attempted to frustrate the enforcement of a €6.9 million judgment obtained against him three years ago by fraudulently transferring properties which could be used to satisfy the debt, it has been claimed in the Commercial Court.

John Meagher, who owned the properties in Dublin’s Charlemont Street, is still their beneficial owner because he provided money to a man to buy them in a rushed off-market transaction before a bank moved against Mr Meagher over his debt, it claimed.

Charlefort Investments Ltd, which is part of property developers, the Clancourt Group, says in December 2014, one of its related companies took legal assignment of the €6.9m judgment obtained against Mr Meagher by Danske Bank in February 2013.