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 Post subject: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Sun Nov 22, 2009 1:00 pm 
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Inquiry into two AIB bankers over ex-Anglo official -> http://www.irishtimes.com/newspaper/fin ... 39724.html

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THE TWO senior AIB bankers whose business affairs are being investigated by their employer are involved in dealings with the former head of Irish operations at Anglo Irish Bank.
Tom Browne, a former director of Anglo who at one time was considered the executive most likely to replace Seán FitzPatrick as chief executive, is a business partner of John Hughes, head of business banking at AIB, Eyre Square, Galway.
A spokeswoman for the Office of Public Works confirmed yesterday that it rents office space at Fairgreen Road, Galway, from Mr Browne and Mr Hughes.
The offices are used by the Revenue Commissioners and, according to a reply to a Dáil question in June of last year, the rent on the office space is €941,276 a year. The office development at Geata na Cathrach is a substantial one and there are other significant tenants there.

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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Sun Nov 22, 2009 1:41 pm 
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Senior AIB manager was a director of several property companies -> http://www.irishtimes.com/newspaper/fin ... 77878.html

Quote:
A senior executive, based at AIB headquarters in Dublin, is a director or former director of a number of companies in the property sector, including one in which he worked alongside a senior AIB manager from Galway
A SENIOR manager with AIB is a shareholder in a property company that lost €7.24 million last year.
The company, which has an address at the manager’s home in Palmerston Park, Rathmines, Dublin, had bank loans in excess of €23 million at the end of that financial year.
The company, Marchbury Properties, is owned by senior AIB banker Tommy Hopkins and businessman Thomas Durcan, who each hold one of the company’s two issued shares.

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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Fri Feb 26, 2010 8:22 am 
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Quote:

Senior AIB banker transfers interest in family home to wife

http://www.irishtimes.com/newspaper/fin ... 02933.html

COLM KEENA Public Affairs Correspondent

A SENIOR banker with AIB who is heavily involved in the property market has transferred his interest in his family home in Rathmines, Dublin, to his wife, according to documents in the Registry of Deeds.

Also, a former head of Irish operations with Anglo Irish Bank, who has substantial debts to the bank, has transferred his interest in his family home in Foxrock, Co Dublin, to his wife.

Thomas or Tommy Hopkins, a director of AIB Commercial Services Ltd, based in AIB Bankcentre, Ballsbridge, Dublin, transferred his interest in a house on Palmerston Park to his wife in January, 2009, according to documents filed in the registry by A C Forde Co, solicitors, Dublin.

Registry documents show a mortgage with First Active registered against the property in June 2004 was satisfied in June 2006. A mortgage against the house taken out in December 2005, with AIB, remains outstanding, according to registry filings.

Further documents show that Mr and Mrs Hopkins transferred their interest in a property on Kenilworth Square, Rathgar, Dublin, to themselves acting as trustees for the Hopkins Trust, in March 2009. A mortgage with AIB against the property was taken out on the same date, with Mr and Mrs Hopkins acting as trustees.

On the same date Mr Hopkins transferred his interest in two adjacent properties on Kenilworth Lane, Rathgar, to his wife.

Mr Hopkins is a 50 per cent shareholder in Marchbury Properties, a company that had its address at Mr Hopkins’s home up to last week, when it was transferred. The company built 222 houses in Balbriggan, Co Dublin, in the year to the end of April 2007.

AIB has been conducting an internal inquiry into matters concerning Mr Hopkins and another senior executive, John Hughes, and their involvement in the property market. Mr Hughes is AIB’s head of business banking in Galway.

Mr Hopkins’s partner in Marchbury Properties is businessman Tommy Durcan. The two men registered what is called a “general mortgage” with Bank of Scotland (Ireland) in June 2004. The schedule to the mortgage cites 24 Northumberland Road, Dublin, and 47 Rathgar Road, Rathgar, Dublin, but also “all other freehold, leasehold property” of which the men were beneficial owners. Registry of Deeds documents indicate the mortgage remains outstanding.

>>>


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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Mon Apr 15, 2013 7:10 pm 
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verbatim wrote:
Mr Hopkins’s partner in Marchbury Properties is businessman Tommy Durcan. The two men registered what is called a “general mortgage” with Bank of Scotland (Ireland) in June 2004. The schedule to the mortgage cites 24 Northumberland Road, Dublin, and [b]47 Rathgar Road, Rathgar, Dublin, but also “all other freehold, leasehold property” of which the men were beneficial owners.[/b] Registry of Deeds documents indicate the mortgage remains outstanding.

>>>
[/quote]

47 Rathgar Road now up for sale:

http://www.myhome.ie/residential/brochu ... -6/2482566

_________________
"Perfect is the enemy of the good"
Voltaire (1694 - 1778)


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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Mon Apr 15, 2013 7:20 pm 
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The EA is unusually candid in their description here:

Quote:
For the discerning purchaser who can see beyond the textbook mushrooms, damp ingress from all directions and the ominous conclave ceilings,


But they've omitted a macabre detail:

http://www.breakingnews.ie/ireland/more ... 22826.html

IIRC the unfortunate woman died of hypothermia or other reasons related to poverty and poor living conditions.


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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Sun Oct 08, 2017 6:47 am 
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Cairn appoints receiver to firm linked to former AIB banker, - Irish Times, March 2016.
Quote:
Irish housebuilder Cairn Homes has appointed a receiver to a property company associated with former senior AIB banker Thomas Hopkins.

Cairn, which is listed on the London Stock Exchange, bought the Project Clear portfolio of loans from Ulster Bank last year and is in the process of securing the underlying assets.

Mr Hopkins, who is a former director of AIB Commercial Services in the Bankcentre, Ballsbridge, Dublin 4, was also heavily involved in property development.

Mr and Mrs Hopkins are the defendants in a number of cases initiated in the High Court over recent years.

Mr Hopkins resigned from AIB in November 2010, on the same date on which the bank lodged proceedings against him and his wife. The reason for the action is not known. It was struck out in 2011.

Proceedings initiated by Danske Bank in 2013 are pending. A case taken by Nama in early 2014 has not been before the court since late in that year.

In the year to the end of April 2007, Marchbury built 222 houses in Balbriggan, Co Dublin.

In 2010 AIB said it was conducting an inquiry into the business activities of Mr Hopkins and another of its senior executives, John Hughes, then the head of business banking with AIB Galway.

Both men were shareholders in Banagher Investments, which was involved in property development in Stoneybatter, Dublin.


Anyone got any further information these cases?


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 Post subject: Re: Inquiry into two AIB bankers over ex-Anglo official
PostPosted: Sun Oct 08, 2017 12:36 pm 
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Some further information from the Commercial Court, 2014.

€37m judgment against former AIB manager, The Indo.

Quote:
A FORMER general manager of business banking with Allied Irish Banks (AIB) has consented before the Commercial Court to entry of €37.2m judgment against him in favour of NAMA over unpaid loans mostly issued for property investment.

Separate proceedings to decide if Thomas Hopkins is liable for further sums totalling more than €17m will be subject of full hearings due to his raising arguable defences to those claims. His wife Mairead is disputing liability for some €11m loans.

In one set of proceedings, NAMA company National Assets Loan Management Ltd (NALM), sued Mr Hopkins, Palmerston Park, Rathmines, Dublin, and another businessman, Thomas Durcan, Terenure Road East, Terenure, Dublin, for €43.5m and for €37.1m respectively over loans made by Bank of Ireland (BoI) and former Anglo Irish Bank, now Irish Bank Resolution Corporation (IBRC).

Those facilities were part of a portfolio of loans advanced to the defendants and others by AIB, BOI and Anglo, all of which were acquired by NAMA in 2010.

BOI was the lead participating institution in that portfolio, identified as the Hopkins connection, and the loans were issued for purposes including buying development lands at Bettystown, Co Meath; Bessboro, Terenure, Dublin and Blackhall Place, Dublin.

Mr Durcan previously consented to judgment for €37.1m.

Mr Hopkins, who accepted he had a liability but raised issues about the accuracy of figures from NAMA, yesterday also consented to judgment for €37.1m of the €43.5m claimed.

He disputes liability for the remainder.

In a second action, NALM is suing Mr Hopkins and his wife Mairead for sums of €2.84m and Stg£7.02m (€8.8m) arising from various facilities and guarantees. It is claimed those facilities were advanced for purposes including to buy commercial property in west Sussex, shares in AIB and an investment property in Rathgar, Dublin.

The couple deny liability and Mr Justice Kelly decided they had raised an arguable defence to the claims entitling them to a full plenary hearing.

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