Legal
Provisional liquidator appointed over cash-for-visa funded nursing home firm
Move comes after High Court heard that a Chinese investor owed over €1 million was ‘extremely concerned’ at potential dissipation of funds
A provisional liquidator has been appointed over a company which took in millions from Chinese golden visa investors to purchase and renovate a former nursing home in County Wicklow.
The High Court heard that while Clonmannon House Retirement Village Limited was described as a business venture engaged in the nursing home industry, it does not currently run a nursing home or provide similar care.
Clonmannon is facing numerous legal actions from Chinese investors, who loaned ...
