Judgment of €146m granted against co-owner of Parknasilla Hotel

Jacob E Safra resides for periods on his private Garinish Island off Kenmare Bay and is the co-owner of Parknasilla Hotel and owner of Rossdohan Island

The lending agent said it had 'acute concerns' Mr Safra’s assets were reducing in a way not fully explained, while his three Irish assets, including the Parknasilla Hotel, had allegedly seen significant reductions in their fair market value.

A US lending agent is entitled to a judgment of $159.8m (€146.4m) against the Swiss-Lebanese owner of a Co Kerry hotel and islands, the High Court has ruled.

Ms Justice Eileen Roberts said the sum reflected the amount MGG California LLC obtained as judgment against Jacob E Safra from the Supreme Court of the State of New York, less credit for sums already secured.