ACC gets action against Beades transferred to Commercial Court

A bank appointed receiver is seeking orders for possession of premises belonging to a company controlled by businessman and Fianna Fail National Executive member Jerry Beades, the High Court heard today.

Mr Kieran Wallace, who was appointed by Dutch owned ACC bank as receiver to Fairlee Properties Ltd in July after the firm failed to repay a loan of €1.5m, claims that Mr Beades is trying to frustrate the receivership and has preventing him from taking vacant possession of the properties.