Wednesday February 19, 2020

Developer Carroll transferred €15m to pension fund before crash

Liam Carroll, one of the state's most indebted property developers, transferred more than €15 million into a personal pension fund before his empire collapsed.

1st September, 2012

Liam Carroll, one of the state's most indebted developers, transferred more than €15 million into a personal pension fund prior to the collapse of his property empire.

The developer, who owes €3 billion though his various property groups, used a string of Irish and offshore companies to transfer the money into the pension funds.

Another €10 million was transferred from his main companies to other entities controlled by Carroll. Wainsford Investments, a company registered in...

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