Tag Archives: bankrupt


Independents 4 Change TD Mick Wallace outside the High Court this morning

In November 2015, Independents 4 Change TD Mick Wallace made allegations in the Dáil about the sale of Nama’s northern loans, known as Project Eagle, to Cerberus.

Mr Wallace told the Dáil:

“…only recently, I was summoned to a meeting by a public figure and a message was passed on to me from a leading member of Cerberus Ireland that I was going to get sorted.”

Fast forward, if you will, to this morning.

At the High Court.

The Irish Times reports:

Ms Justice Caroline Costello today granted the bankruptcy petition by Promontoria (Aran) Ltd fund arising from a €2m judgment obtained after the fund took over the TD’s debt to Ulster Bank.

Promontoria is owned by US fund giant Cerberus, the fund at the centre of allegations made in the Dáil by Mr Wallace concerning the acquisition of Nama’s €5.7 billion Northern Ireland portfolio. The substance of those allegations is now subject to investigations in the UK and US.

TD Mick Wallace found bankrupt in the High Court (Irish Times)

Coincidence or bloody pink revenge?

Only YOU can decide.

Previously: ‘Cerberus Told Me I Was Going To Get Sorted’

Sam Boal/Rollingnews