Bank may apply to have builder jailed for alleged contempt
ACC Bank may apply to the Commercial Court next week to have a Galway builder jailed for alleged contempt of orders requiring him to disclose to the bank all relevant details of his business affairs.
James Clancy undertook before the court yesterday to provide the information sought.
Mr Justice Brian McGovern today granted the bank leave to bring a motion, returnable to next week, for the attachment and committal of Mr Clancy, Eagle Rock, Furbo, Co Galway over his alleged failure to comply with an order of discovery.
ACC had previously secured judgment for €3.4m against Mr Clancy over unpaid loans from ACC Asset Finance for a machine used for the manufacture of prefabricated polystyrene houses.
The judge had also previously ordered Mr Clancy to file an affidavit providing details of bank accounts, forms filed to the Revenue, his debts, assets and other means to satisfy the judgment.
Today, Robert Beatty, for ACC, said the motion for attachment was being sought on grounds including Mr Clancy's failure to give the bank details or documents relating to a factory in Romania in which he had invested approximately €2m or to claims concerning ownership of another polystyrene machine in the United Arab Emirates.
Counsel said ACC had only learned about these matters for the first time from an affidavit which the court had directed Mr Clancy to swear.
