Harry Crosbie ‘took no salary from Vicar Street for three years’

Harry Crosbie took no salary for nearly three years from his last remaining business, the Vicar Street music venue in Dublin, but did draw €1.7m from it to pay for his living and trading expenses, the Commercial Court has heard.

During that period, 2013-16, he paid around €30,000 in income tax, the court heard.

Mr Crosbie said he had been advised, after most of his businesses were taken over by Nama, not to draw a salary or profits until a dispute with Ulster Bank over the amount of rent on Vicar Street was sorted out.