Jackson Way may lose compensation

A PROPERTY company, which is seeking 47m in compensation from Irish taxpayers, may not be entitled to a single cent after it was dissolved yesterday.

Jackson Way Properties was struck off by the UK Companies Office for failing to file annual accounts within statutory time limits.

The Birmingham-registered company is currently awaiting a judgment by an independent High Court-appointed arbitrator on a 47m compensation claim against Dun Laoghaire-Rathdown County Council after land it owned was compulsorily acquired for the construction of the final leg of the M50 motorway in South Dublin. Jackson Way is also at the centre of the Flood Tribunal's latest investigation into allegations of planning corruption. The tribunal is currently examining claims by political lobbyist Frank Dunlop that he paid £10,000 in bribes to councillors on behalf of Jackson Way to support the rezoning of its lands at Carrickmines.