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Insolvent ‘golden visa’ company transferred €65m to related firms

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Insolvent ‘golden visa’ company transferred €65m to related firms via IrishTimesBiz

Mr Dai also owned and operated the Nuremore Hotel and Country Club in Co Monaghan.

A total of more than €26 million was paid to companies connected to Mr Dai in 2017 and 2018 in respect of “professional consultancy fees”, Mr De Lacy said.46:13 The loan note was due for repayment in July 2020 but, despite numerous requests for repayment, it has not been paid, she Ms Wang said in her affidavit. Mr Conroy said that the total amount owing to Ms Wang is now more than €1.17 million.

 

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