US financier denies he tried to hide involvement in company contracted to operate Ipas centre 

Jeffrey Leo made the denial at the High Court during cross-examination relating to his handling of a $60m investment he managed for US-based investors Mary and James Wenning

The Wennings allege that Mr Leo, a former Morgan Stanley stockbroker, misappropriated their investment. This is denied. Picture: iStock

A US financier has denied a suggestion that he attempted to conceal his involvement in a company contracted to operate an International Protection Accommodation Service (Ipas) centre at Dundrum House Hotel in Co Tipperary.

Jeffrey Leo, of Tullamaine Castle in Tipperary, made the denial at the High Court during a cross-examination relating to his handling of a $60m (€52m) investment he managed for Ohio, US-based investors Mary and James Wenning.