4 Of Anglo 'Golden Circle' Named

by Basil Langthorne Sun Feb 22, 2009 02:44

Do any of these entrepreneurs have any liaisons with the Fianna Fail party?

by Justice and Truth Sun Feb 22, 2009 04:18

You can bet the members of the Golden Circle have lots of connections with those in Government.

That is why they want to hide their identify so they are not rumbled.

This present Government are well and truly finished and they know it. They have brought the country to its knees.

Unfortunately for us there are no others in the country who are much use either.

It will be a case of when they go being replaced by others who are all equally corrupt in their own way.

Why do they want to be in politics and Government? Because it is the place to be to award yourself with huge salary, expenses, drivers, all the perks and travel of the job.

The country is going down the tubes and already we have seen well over €550k earmarked for travel to take these wasters off on their St. Patrick's Day jaunts.

Why dont they stay at home and try to sort out the woes of the country. Can any of their citizens afford such jaunts? I don't think so.

by Brian Sun Feb 22, 2009 11:05

"In its two later assessments, PwC found that Anglo Irish had a heavy concentration of its development loans among a small number of borrowers – the bank has a number of 'very large exposures' with about 15 customers EACH owing more than €500 million."

From: http://www.irishtimes.com/newspaper/finance/2009/0221/1....html

That's 7,500,000,000 Euros these 15 (or so) people have borrowed.

Where has it all gone to I wonder?

Why should tax payers -- without being given any proper explanation -- have to pick up the bill for the losses involved?

And where will the money to pay off these debts be coming from?: and at what additional costs to the nation?

According to today's Sunday Times ( http://www.timesonline.co.uk/tol/news/world/ireland/art...4.ece ), "Gerry Gannon, Joe O’Reilly, Seamus Ross and Jerry Conlan are four of the businessmen who secretly bought 10% of Anglo Irish Bank with the bank’s own cash."

If true, this is a very interesting way to buy 10% of a bank?

Surly it must be fraudulent? -- and if so it must involve crime of some kind which the Republic of Ireland police (Garda Siochana) should be vigorously investigating?

by denis guerin Sun Feb 22, 2009 11:31

Leaving aside the issue of Anglo financing the purchase of its own shares, and that the Financial Regulator (a civil servant) may have been a party to setting up this deal, there is one wonderful side to all of this. It appears that the golden 10 pledged their own personal assets as security against 25% of the value of their loans.

The shares now being absolutely worthless, and the entire transaction having vanished up its own rear end (so to speak), the only consequence in the real world is not for the taxpayer, but for the not-so-golden 10. We now have a right to go after their personal assets for the 25%. Yippee!

It will be wonderful to see the brass 10 waiting in Court 8 with the other debt defaulters being asked to explain how they intend paying back the money.

by Squire Charlatan Haughty - the Vampire C(o)unt of Kinsaley Sun Feb 22, 2009 12:02

Dream on you fools, you little people ..... the Courts, the Garda Siochana all that elaborate panoply of state does not exist and never has existed to protect YOUR interests but rather those of the pluto-kleptocracy .... whether in the good old days of the British Empire or in the latter days of the Free State Banana Republic .....

Ye'll be waiting a long time before ye see any of the golden handshakes gang in handcuffs ... no matter what laws they may have broken or what damage they may have inflicted on others.

Yeer state is a pathetic little banana republic and it will never purge itself of the cankers with which it is ridden ...

If ye need any further proof just consider the fact that ye have to consult the UK press to discover the names of the alleged members of the "golden circle" .....

Neither yeer own Free State Guff-erment nor its compliant parrot-like media was prepared to name names ..... all no doubt due to "legal considerations" ...... ah yes the law is a damn fine thing especially when it protects the legitimate interests of the "men of property" .....

by Terry Sun Feb 22, 2009 13:49

The Directors of the failed (corrupt) India's Satyam Computer Services Outsourcing company etc. could face life imprisonment if found guilt.

There's no room for the Directors in Irish prisons. Why, because there are simple loan defaulters in there instead. Ah, sure we'll write those loans off lads and you can come back and do it again.

Remember AIB and the ICI debacle, sure they (AIB) came back for more... no worries lads.

Saw this funny blog the other day, well maybe it's not so funny after all..

http://jobs2ireland.com/jobs2ireland-blog/ilp-ceo-to-re...sign/

P.S. isn't Hibernian outsouring Irish Jobs to India... better cancel your policies before Hibernian goes next. Funny tried to save them money on one of their systems once... answer was we are happy with what we have.... i.e wasting policyholders money. If one of my managers said that I'd get rid of him/her. There's always something else worth looking at if it is going to save you money instead of losing jobs!

by Peader Sun Feb 22, 2009 13:54

Jail em

by Alana Sun Feb 22, 2009 15:22

Information relating to these matters (which appear to be highly criminal) has been sent this afternoon by e-mail to Garda Commissioner Fachtna Murphy (Chief Commissioner of Police, Republic of Ireland) at Commissioner@garda.ie

Copy of e-mail can be viewed at: http://www.humanrightsireland.com/GardaCommissionerFach...l.htm

Related Link: http://www.google.com/search?hl=en&q=Garda+Confidential...o&oq=

by Fred Johnston Mon Feb 23, 2009 12:47

An e-mail, which appears to be well-informed, is doing the rounds and linking the Heroic Four to Fianna Fáil. One shouldn't be surprised; the FF-banker-builder liaison has been a constant for decades. There is absolutely no barrier to naming the remaining Heroes. Since there is no ongoing criminal case, the sub judice rule does not apply. And it would seem to me that FF spoutings about prejudicing future cases etc. is pure hypothetical smoke-screening. FF know even as they speak that we do not live in the sort of society where influential people appear in courts. It would be natural, of course, for FF, the Builders' Party, to set up all sorts of barriers to having their close associates named. It is up to the ordinary people, and writers, artists, academics, to come out and sign a letter to the media calling for the immediate naming of these people. I would ask Aosdána and the Irish Writers' Union (an affiliate of SIPTU) to declare themselves in a letter to newspapers with regard to the necessity of naming the remaining bank-buddies. If not, let's organise another demo calling for just this; it's time this country regained its moral and ethical backbone.

by Shop steward Mon Feb 23, 2009 19:05

They should of course be named. But let it not stop there. They and the people that loaned them the money have breached the Companies Act [Section 60(1) at the very least if you're interested and probably many other sections ] and as all this was deceitfully hidden, then they're guilty of the crime of Making a Gain by Deception [Criminal Justice (Fraud and Theft Offences) Act.] Therefore at least €30 million of each of their assets are the proceeds of crime. And these boys have lots and lots of assets. Just send in the CAB and seize their money, land, houses, whatever. It was done for Jackson Way, a company controlled by Liam Lawlor and friends that had land rezoned corruptly so why not use it for these boys?

by cheeba Mon Feb 23, 2009 19:19

Originally Posted by Pride Fighter (on Board.ie)
It gets intersting..

This Jerry Conlon is involved in private hospitals being co-located. What slime, Harney should resign ASAP

One of the first things I noticed too.

If they get away with this, I'll be so fooking mad I may kill one of the fookers.

Quote:
24. Gannon Homes
Location: Dublin
Turnover: €107.9 million (Dec 31, 2004)
Profit: €6.38 million
Last year’s position: 34 Gannon Homes was founded in 1984 by owner and current managing director Gerry Gannon, who is one of the biggest landowners in Dublin.
Gannon paid €105million for a 208 acre Belcamp College site in Dublin in 2004 and is planning a major development on the site. The company is building several major residential schemes in north Dublin, including the Robswall development in Malahide and the Capital North project in Dublin 13. These projects have a combined end value of more than €1 billion

Quote:
1. John Sisk & Sons
Location: Dublin
Turnover: €799.34 million (Dec 31, 2004)
Profit: €38.68 million
Last year’s position: 1
Sisk’s turnover of almost €800 million is more than double that of its nearest competitor and the company’s profit's are among the highest of any construction firm. The company built the Dundrum Town Centre for Castlethorn Construction and also built Croke Park for the GAA. It is expected to win the contract to build the next phase of The Square shopping centre in Tallaght, Dublin.

first two from this link, article entitled:
Property boom fuels €7bn turnover for Top 50
http://businesspro.ie/pressreleases/press_2006_02.htm

Quote:
LONGFORD-BORN builder Seamus Ross and his wife Moira own Menolly Homes, the country's largest housebuilding firm. Their son Seamus Ross Jnr is also involved in the firm which specialises in developing large housing sites in Dublin's suburbs.

In 2003, Mr Ross made the headlines when he told the Planning Tribunal that he paid former Fianna Fail TD Liam Lawlor €40,000 in 1996 to get the postal address of a housing site changed from Clondalkin to Lucan. The change enhanced the value of his homes by up to €5,000 per house.

http://www.independent.ie/national-n...y-1341281.html

Quote:
* The Mount Carmel Group, formerly the Harlequin Healthcare Group, is headed by Jerry Conlan from Kildare.

He set up Harlequin in 2003 and it owns St Joseph's in Sligo, Aut Even in Kilkenny and Mount Carmel in Dublin. The group also includes businessman Philip Lynch, who is the chairman of the development board for the new national children's hospital to be built on the Mater site.

http://www.independent.ie/national-n...ts-993535.html

Quote:
Under the Finance Act 2001, substantial tax exemptions are allowed for the building and refurbishment of buildings used as private hospitals. In practice, this means a top-rate taxpayer investing 1m qualifies for a tax break of 410,000 over seven years.

"There's a number of schemes marketing these investments in private hospitals to highincome individuals like lawyers and consultants, " says Labour Party spokeswoman on finance Joan Burton. "Potentially, we are building up to 30 hospitals with a hundred beds or less in each of them. If you take it that they cost 30bn, the tax write-off, at 40%, comes to more than 1.2bn. A lot of the very rich people who benefited from the car-park tax reliefs are going to benefit from this too.

http://www.tribune.ie/archive/articl...mes-dependent/

Just some quick quotes from google searches for these peoples names with the appropriate links to the sites I got the quotes from. I think these people would have got on fine without average Joe public bailing them out TBH but hey I'm not friends with them, maybe there is something I don't know about them.

by breathless Tue Feb 24, 2009 16:39

Whole bunch of them reported to go in with warrents looking for the books & diaries which will help put people behind bars in due course. Indeed that might sound very old-fashioned to you, so perhaps you could imagine them finding syringes of smack, phials of cocaine & strips of viagra in the safe, instead.

There has as of yet been no decent photos of garda carrying boxloads of evidence out of the shop or even the mere brandishing of a transparent evidence bag holding a pendrive or hard disk. Nor for that matter has been photos of executive types with pillowcases over their heads being led cuffed and manacled to waiting vans hence whisked off to holding cells. Despite all the aforementioned one can't stop to wonder why there still hasn't been a little photographic image from a passerby's mobile phone of sackloads of shredded paper on the way to being painstakingly reconstituted in the offices of whoever does that kind of thing for the Gardai.

don't hold your breath.

by Shop steward Tue Feb 24, 2009 19:43

Ho hum indeed, I suppose it must be welcomed that the boys in blue are on the job at last. I mean it's not like we've known for ages that anything illegal was going on or anything.

Still.

The lack of video footage on the RTE 1pm news was, well, a bit odd. Casting around the usual news sites all I can find is shots of reporters gathered outside. Where are the Garda vans? The burly slightly-shifty looking lads looking like fish out of water? Supplies of pizza and jumbo breakfast rolls? Not to mention the EVIDENCE being removed.

And why no arrests? Presumably "reasonable suspicion" must have been established to get a warrant. Why not arrests on the same reasonable suspicion of committing an arrestable offence?

And are the CAB waiting in the wings? For what?

Or could this simply be a fluff exercise to persuade the rest of us that the "big boys" will be getting their fair share of pain? What with ICTU's executive meeting today and all.

So namy questions, so little answers.

Rodents and odours abouind.

by pat c Wed Feb 25, 2009 10:13

The Raid was discussed on the Vincent Brown show last night. Various points made: Irish Nationwide and Irish Life Permanent should have been raided at the same time to prevent documents being destroyed. Some went further: the offices of the Gallant Ten should also have been raided simultaneously. Not very many people seem to trust bankers or businesspeople.

Looks as if there wouldn't have been enough Gardai in the Country to raid all of the relevant offices! Thats how rotten things are.

A woman on the show, a former central baner from Australia, 5 years in Ireland now put things in perspective though. The crimes took place a while ago and the crooks will have disposed of most if not all of the evidence.

by pawnbroker Wed Feb 25, 2009 14:13

the following morning just after 9 of the clock which is as soon as possible and prompt striking whilst the iron is as hot as a wooden number 5 putter in the hands of a quaking moldovian caddie.

Has it occured to the bright and brighter amongst us that this scene of the drama puts the naming of only 4 of the ten in a slightly different light. After all, the English Times has never really been a newspaper that does much naming of dodgy Irish business types, has it? Could it be that already some deal, plea bargaining, facing music versus saving faces has gone down?

But of course only bank directors have keys to their offices at night along with the security guards who sit on the premises 24/7 so it stands to reason that the warrant was acted on so immediately without hint of delay or worse good few days warning.

by Saoirsí - Alliance of the Libertarian Left (Ireland) Fri Feb 27, 2009 01:00

First Four of the Golden Circle Named
Who are the Anglons amongst us? Who are the "First Four" of the "Aurum Cyclons" (Golden Circle)?
And why are they in a tent in Galway?

In case this hasn't already dropped into your inbox, here are the details doing the rounds, in handy PDF format.

Sharing is caring.

Read All About It: 4 Golden Circle Banksters 1.3 Mb