A HIGH Court judge has ordered gardaí to arrest and bring before the court a Cork businessman who is facing jail for contempt of court orders directing him to supply a statement of his assets to investors pursuing him for €28.1 million.

BUSINESSMAN Brendan Murtagh is insolvent, the Commercial Court heard yesterday. Mr Murtagh and two other businessmen are being pursued for €28.1 million by investors related to Polish property deals and all three have had total judgments for more than €60m entered against them.

A LEGAL action against three businessmen aimed at recovering loans of €31.5 million for developments in Cork has been adjourned after agreement was reached “in principle” with two of the defendants.

KEY personnel departures and project divisions are taking place at Howard Holdings, one of the country’s most aggressive development firms during the Celtic Tiger years.

THREE people have agreed to pay €3.5 million arising out of guaranteeing a share sale and purchase agreement for a company, the Commercial Court heard yesterday.

IRISH and international property group Howard Holdings, with up to €3 billion in developments worldwide, has re-organised, with key directors taking up asset ownership and control on a geographical basis.