lining up and clapping Mr McGrattan as he walked towards the hotel’s revolving door.
Mr McGrattan disputed the suggestion that any of the resource companies he had been involved with had not been successful. The shareholders in Cads had been paid shares in US Oil & Gas worth Stg£21 million, he said. “Do you call that unsuccessful? There is nothing unsuccessful about any company I was involved with.”One set of proceedings was taken by the Revenue in 2013 and was settled by agreement the following year.
In February the possession order was struck out after the judge was told that Mr Ring and his wife, Joyce, had paid €1 million to the bank to settle the debt and legal fees. The court was told the source of the funds could not be disclosed for “data protection reasons”.