Judge tells FF Executive member to ‘face reality’ on debt

FIANNA FÁIL National Executive member Jerry Beades was told by a judge yesterday he should “face the reality” that he owes €1.5m to a bank in relation to properties owned by a company he controlled.

Last week in the Commercial Court, Mr Justice Peter Kelly ruled a receiver appointed by ACC Bank was entitled to orders for possession of certain premises in Richmond Road, Fairview, Dublin, against Fairlee Properties Ltd over non-payment of the €1.5m debt. Mr Beades is a director of Fairlee.

The judge adjourned the making of those orders until yesterday to allow 16 individuals and companies, said to be in occupation of those properties, to be notified about the impending orders and to allow them to be heard.