Tuesday August 4, 2020

British tax fraudster sues IBRC over mansion sale

Bhandal wanted £75m – but Nama got £35m

11th February, 2018
Updown Court, a ‘super-mansion’ in Surrey which Bhandal rebuilt before fleeing Britain in 1998

A convicted tax fraudster in Britain is suing the Irish Bank Resolution Corporation over losses on an €85 million super-mansion in Surrey.

Baljit Singh Bhandal, also known as Barry Bhandal, purchased the 103-room Updown Court with the help of a £14 million (€15.8 million) loan from Irish Nationwide.

He is thought to be seeking to be made a creditor of the liquidation of the state-owned bank, which comprises the former Irish Nationwide and Anglo Irish...

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