Menu
01/02/2013
8.83-Carat Diamond Ring Seized By NAMA
Toxic loans agency NAMA has been appointed over an 8.83-carat diamond ring, allegedly "the size of a Brussels sprout", belonging to the wife of "millionaire's row" developer John McCabe.
The "unusual" appointment also includes a necklace and bracelet belonging to Mary McCabe. It is claimed that she refused to hand over the ring, necklace and bracelet to help meet €20m in judgments against her.
NAMA previously secured temporary court orders freezing the couple's assets – all later lifted.
Based on a valuation NAMA is said to believe the ring alone is worth more than €150,000.
This is in conflict with Mrs McCabe's own valuation, which said the ring, bracelet and necklace collectively were worth €140,000.
The High Court heard yesterday that just €347,340 has been paid towards discharging some €20m in judgments obtained against Mrs McCabe last year.
That came from the proceeds of the sale of a property at Park Lane, London.
Yesterday, Mr Justice Peter Kelly agreed to grant orders to NAMA appointing a receiver over the three items of jewellery of Mrs McCabe, of Rath Stud, Ashbourne, Co Meath.
(H)
The "unusual" appointment also includes a necklace and bracelet belonging to Mary McCabe. It is claimed that she refused to hand over the ring, necklace and bracelet to help meet €20m in judgments against her.
NAMA previously secured temporary court orders freezing the couple's assets – all later lifted.
Based on a valuation NAMA is said to believe the ring alone is worth more than €150,000.
This is in conflict with Mrs McCabe's own valuation, which said the ring, bracelet and necklace collectively were worth €140,000.
The High Court heard yesterday that just €347,340 has been paid towards discharging some €20m in judgments obtained against Mrs McCabe last year.
That came from the proceeds of the sale of a property at Park Lane, London.
Yesterday, Mr Justice Peter Kelly agreed to grant orders to NAMA appointing a receiver over the three items of jewellery of Mrs McCabe, of Rath Stud, Ashbourne, Co Meath.
(H)
Related Irish News Stories
Click here for the latest headlines.
17 May 2012
Three Years For Ex-Garda Who Robbed 82-Year-Old Woman
A former garda officer has been sentenced to three years for the theft of thousands of euros from colleagues and an elderly woman. A court heard how 30-year-old David Foran responded to a burglary at an elderly woman’s home and found she had hidden nearly €2,000 in her bedroom. He later returned to steal the cash.
Three Years For Ex-Garda Who Robbed 82-Year-Old Woman
A former garda officer has been sentenced to three years for the theft of thousands of euros from colleagues and an elderly woman. A court heard how 30-year-old David Foran responded to a burglary at an elderly woman’s home and found she had hidden nearly €2,000 in her bedroom. He later returned to steal the cash.
01 August 2011
Varadkar Turns Sod On N25 Cork Southern Ring Road
Transport Minister Leo Varadkar has officially launched the commencement of works on the N25 Cork Southern Ring Road.
Varadkar Turns Sod On N25 Cork Southern Ring Road
Transport Minister Leo Varadkar has officially launched the commencement of works on the N25 Cork Southern Ring Road.
02 December 2010
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
27 March 2019
'Rural Opportunity' Event Launches In Co Longford
The Minister for Rural and Community Development, Michael Ring has hosted a "Rural Opportunity" briefing session in Co. Longford. This is the second in a series of events intended raise awareness of the wide variety of Government supports available to rural communities.
'Rural Opportunity' Event Launches In Co Longford
The Minister for Rural and Community Development, Michael Ring has hosted a "Rural Opportunity" briefing session in Co. Longford. This is the second in a series of events intended raise awareness of the wide variety of Government supports available to rural communities.
03 August 2016
Minister Announces Expansion Of Wicklow Mountains National Park
The Wicklow Mountains National Park is to be expanded by over 5,000 hectares, the Minister of State for Regional Economic Development Michael Ring has announced.
Minister Announces Expansion Of Wicklow Mountains National Park
The Wicklow Mountains National Park is to be expanded by over 5,000 hectares, the Minister of State for Regional Economic Development Michael Ring has announced.
-
Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
