Tuesday July 14, 2020

Nama targets Crosbie's loans

The National Asset Management Agency (Nama) is poised to call in personal borrowings provided by the developer Harry Crosbie as security for his €450 million borrowings.

20th April, 2013
Harry Crosbie outside the O2: the developer owes Nama hundreds of millions of euro. Photo: Collins

The National Asset Management Agency (Nama) is poised to call in personal borrowings provided by the developer Harry Crosbie as security for his €450 million borrowings.

The agency will seek a judgment against the property developer-cum-concert impresario in the coming weeks, following its decision to appoint receivers to large portions of his business empire.

Crosbie borrowed vast amounts of money personally, as opposed to through a company. This has left him personally exposed as a...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

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

Leanna Byrne | 4 years ago