[Harry Crosbie in 2010]
In its action, NAMA alleges it initially refrained from enforcement action over the debts of Mr Crosbie and connected companies – referred to as the Connection – and instead had in good faith worked with the Connection in its efforts to complete the Point Village and deal with the debts.
However, it alleged, there was a failure by Mr Crosbie to make full and frank disclosure concerning his assets and liabilities before the sides had entered into a Memorandum of Understanding in early 2012 setting out the commercial terms for co-operation between them.
NAMA seeks €77m orders against Harry Crosbie (Independent.ie)
Previously: So You Saw Harry Crosbie On The Saturday Night Show, Right?
(Eamonn Farrell/Photocall ireland)
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