Developer tells court Caribbean transfers were legitimate

A CORK developer who transferred money from a construction project in the Caribbean to bank accounts in Carrigaline and Bishopstown has told the High Court they were legitimate transfers for personal and business purposes.

Barrister Marie Baker SC, seeking to have a mareva injunction lifted against Paudie O’Halloran, who has addresses in Barbados and Cork, said he had disclosed his accounts which openly showed the trail of money into Ireland.

Two Caribbean companies are suing 40-year-old Mr O’Halloran over allegedly diverting for his own use and transferring to Ireland €1.14 million from a hotel building contract in the Caribbean. They obtained a mareva injunction last month restraining him from dissipating his assets here below €1.6m.