The National Asset Management Agency (Nama) has continued its actions against borrowers by taking control of five companies associated with Jim Monaghan, a Wicklow-based property developer.
Frank Nowlan of WK Nowlan & Associates has been installed as statutory receiver over the assets of the five companies, which are Rathdrum Properties, Mondale Developments, Panimine, AS Delahunt and Frederick J Sutton. The firms had significant borrowings with Irish Nationwide and Bank of Ireland, which have been transferred...
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