Friday June 5, 2020

Nama takes over five Jim Monaghan firms

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.

7th May, 2011

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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