Paddy Cosgrave
Paddy Cosgrave, a technology entrepreneur, allegedly claimed to have kompromat on David Kelly, his Web Summit co-founder, after the two former Glenstal Abbey school friends fell out over an investment fund https://t.co/HzxroG1RWZ
— The Sunday Times Ireland (@SunTimesIreland) October 10, 2021
Yesterday.
Via Sunday Times Ireland:
Paddy Cosgrave is suing David Kelly in both Ireland and California, where the Amaranthine Fund was based. He claims Kelly, who still owns 12 per cent of the Web Summit but is no longer a director, “misled” him by secretly establishing a second fund using the Web Summit’s “brand, resources and assets”.
Kelly has counterclaimed that when his and Cosgrave’s relationship turned “toxic” after they failed to agree on the structure of a new fund, Cosgrave claimed in a text message to have kompromat of a personal nature on him, a Russian term for incriminating documentation usually associated with Cold War espionage.
…It is also claimed that Cosgrave referred in a subsequent text message to a trip by Kelly to Thailand. Kelly insists he has never visited the country. He has alleged, in turn, that Cosgrave’s “untoward behaviour” led to him resigning from the Web Summit on March 22.