A PROPERTY developer who loaned Ted Cunningham €200,000 on the security of a bag of sterling totalling £175,000 testified yesterday that the accused man told him he was doing business in Bulgaria with Phil Flynn and the Bailey brothers.

THE State agency that deals with rogue companies and their bosses has been given a below inflation rise in its budget.

THE High Court has ruled that the Director of Corporate Enforcement is entitled to rely on an investigation by accountants PriceWaterhouseCoopers (PWC) into the affairs of Bovale Developments Ltd over a two year period in his bid to have developer brothers Michael and Thomas Bailey disqualified from managing any company on grounds of alleged misconduct and fraud in relation to the affairs of Bovale.

THE Office of the Director of Corporate Enforcement has confirmed it is seeking to have two of the country’s most controversial property developers barred from being actively involved in the running of their business.

APART from the €22 million paid in settlement by the Bailey brothers company Bovale, which has been well-documented, the Revenue Commissioners netted a considerable €23.5 million in the quarterly tax defaulters list published yesterday.

The two brothers who run Bovale developments have confirmed they have made a settlement with the Revenue Commissioners which is understood to be in the region of €25m.

TOM and MICHAEL BAILEY, the controversial builders criticised at the Planning Tribunal, have applied to re-register their company as unlimited.

SOCCER star Roy Keane’s personal fortune has jumped from €29 million to €37m in the last year, while Chelsea’s Damien Duff is now worth €9m.

POLITICAL donations to Sinn Féin fell dramatically last year after new rules banned political parties from accepting donations from abroad.

FORMER minister Ray Burke was handed £30,000 in cash at his home in north Dublin in June 1989 and knew it was for his support and influence in rezoning lucrative development land, the Flood Tribunal has concluded.