Nama High Court action to prevent builder from disposing of assets

Nama has launched High Court action seeking to prevent one of the country's largest builders from dissipating millions of euro in assets.

Ian Kehoe - avatar

Ian Kehoe

8th September, 2012

The National Asset Management Agency (Nama) has launched High Court action seeking to prevent one of the country's largest builders from dissipating millions of euro in assets.

The state agency sought an injunction late last Friday against McCabe Builders, amid concerns that €6.25 million in assets were being moved abroad. The move came just days after Nama appointed a receiver to the company. The case is expected to come before the court again in the...

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