Thursday October 1, 2020

Question marks over Larionovo accounts

Financial dealings at Larionovo have come under the court spotlight, writes Ian Kehoe.

17th July, 2010

The overseas property firm collapsed two years ago after taking deposits from hundreds of Irish people.

Evidence has been presented in the High Court showing that one of the directors of the company, Ray Norton, withdrew almost €1 million from the company’s reserves to fund a number of private investments.

The money was withdrawn through a series of directors’ loans prior to the collapse of Larionovo. The liquidator of Larionovo, the accountancy firm...

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