McFadden denies avoiding creditors

FINANCIER Niall McFadden has rejected a suggestion that he transferred his interest in his family’s home at Avoca Wood, Blackrock, Dublin, in a bid to avoid creditors.

He was being cross-examined about his assets in the High Court yesterday by counsel for National Irish Bank, John Hennessy SC, as part of moves to execute judgements of more than €15 million against him.

Mr McFadden said he transferred his interest in the family home to his wife in 2005. But counsel queried this, saying the transaction was recorded on January 22, 2009.