ACC Bank has claimed the ex-wife of a former tax inspector, both being pursued by the bank over separate judgments of more than €2.5 million each, fraudulently transferred property to her sons to frustrate its efforts to recover the money.
James Leonard Daly (otherwise James Daly, Shay Daly and Séamus Daly), who is being pursued by ACC for €2.52 million and the Revenue for €2 million, failed to attend at the Commercial Court on February 3rd after attending at a branch of the Ulster Bank in Dundalk earlier that morning seeking to urgently transfer €451,282 funds to a Spanish bank account, the court was told.
That money has been frozen by court order.
ACC’s application to have separate proceedings against Mr Daly’s former wife Eileen and sons Ian and Stephen fast-tracked in the Commercial Court came before Mr Justice Peter Kelly yesterday, but was adjourned to next week to allow defence lawyers take instructions.