Sunday August 9, 2020

McKillen’s new war

Paddy McKillen sr’s action against the liquidators of the former Anglo Irish Bank gives new insight into the developer and the price he has paid for trying to help the bank in good faith during the crisis

15th July, 2018
2
Paddy McKillen says his deal to sell 265 Franklin Street in Boston fell through as a result of liquidators pursuing him Pic: PA

The Anglo Irish Bank criminal trials are now over. They have resulted in three bankers being convicted in relation to the Maple Ten loans, a scheme which saw Anglo lend money to ten developers so that they could buy shares in the bank in an ultimately futile effort to save the failing lender.

Among those ten developers was Paddy McKillen sr. A jury has now twice concluded that these loans were illegal, and McKillen believes...

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

In Kildare, many are grateful that the lockdown isn’t a return to square one, but there is anger that actions weren’t taken to prevent it in the first place

Barry J Whyte | 3 hours ago

Conservation group calls for effective regulation as multinationals increase use of on-site gas plants to generate electricity

Killian Woods | 2 weeks ago

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 month ago