IBRC officials launch challenge to halt private prosecution by hotelier

A Supreme Court challenge has been launched aimed at blocking a Dublin hotelier’s attempt to privately prosecute officials at IBRC for alleged deception.

Mary Kelly, a case manager with the bank’s Recovery Management Division, and Declan Buckley, a former employee of IBRC, where he had held a position of director of banking face a possible prosecution at Dublin District Court which has been brought privately by businessman Patrick Halpin.

Mr Halpin is a director of Crossplan Investments Ltd and Elektron Holdings Ltd, of Aberdeen Lodge, Park Avenue, Sandymount, Dublin 4. IBRC (now in special liquidation) appointed a receiver to both his companies, which are involved in the hotel business, as a result of alleged default of loans of €23m.