Desert mirage
Investors have lost millions of euro with an Irish company selling property in Dubai during the boom years, writes Kieron Wood.
The liquidator of Larionovo has called on the government to make bonding mandatory for property companies that sell overseas properties to Irish clients.
Larionovo, which sold developments in Dubai on behalf of Middle East development companies, collapsed in November 2008 with debts of €1.6 million. Paul McCann of Grant Thornton was appointed liquidator.
The directors of Larionovo were Ray Norton from Showgrounds Road, Ennis, Co Clare; his brother-in-law Andrew Brett, who is now understood to be...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
