Crosbie rejects claims he his obstructing Nama in seeking to collect €77m ruling

Businessman Harry Crosbie “entirely repudiates” claims by a Nama company that he is obstructing its efforts to establish his assets for the recovery of a €77m judgement, his lawyer has told the Commercial Court.

National Asset Loan Management Ltd (NALM) has received €31m from sales of Mr Crosbie’s secured assets but estimates a shortfall of €43m, plus costs, after sale of the remaining secured assets.

In court documents, it says its only recourse for the shortfall is to the remaining assets of Mr Crosbie, including Dublin’s Vicar St music venue, income from that venue, and his interest in various properties.