Former FF councillor sued for 'land scam'
A retired Garda Superintendent is among several investors suing former Fianna Fail councillor Gerard Killally, a firm of solicitors and others for more than €10 million arising from an alleged land deal “scam” in Co Offaly in which Mr Killally allegedly made secret profits.
It is alleged Mr Killally, unknown to the investors, had acquired the lands at Mount Lucas, Daingean, for some €4.7 million and aranged a scheme under which they were sold to the investors for €10.6 million in May 2007 at a time when they believed Mr Killally was a co-investor with them.
Former Supt Peter Wheeler said today he had trusted Mr Killaly completely when considering in late 2006 whether to invest in the purchase of lands at Mount Lucas as Mr Killally was chairman of Offaly County Council, had run in general elections and was of standing in the community.
Mr Killally assured him this was a “no-risk” investment but at no stage disclosed Mr Killally himself was the seller of the lands, having bought them from his father-in-law and others, he said.
Mr Killally instead represented he was a co-investor entering into a partnership with Mr Wheeler and others and had also so indicated at meetings with investors there would be no problem securing planning permission for the lands, he added.There is more.