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Bankrupt developer Tom McFeely denies hiding assets

Bankrupt developer Tom McFeely has denied hiding assets, including over £2m from a property deal in England.

Mr McFeely, who developed the Priory Hall complex in Donaghmede, was in Dublin District Court accused of breaching court orders in relation to a debt to a personnel company.

The developer was in court over an outstanding debt of €24,000 to MCR.

But Benedict Ó Floinn, barrister for MCR, said Mr Feely should be jailed for failing to comply with a court order to supply a statement of means in relation to the debt.

Mr McFeely was asked about property in Antigua, Portugal and a number of sites in Ireland that were not on the list.

He was also questioned about the Athena development in London, which, it is claimed, earned him over £2m. The issue of rent from the basement of the headquarters of Coalport, his former construction company at Holles Street in Dublin, was also raised.

Apart from a potential interest in Antigua, Mr McFeely either denied having an interest in the other sites, or said they had been taken over by other companies following his bankruptcy.

His lawyer, James Salafia, said the MCR action should be stopped in its tracks because of the bankruptcy.

Mr McFeely also claimed that NAMA had showboated when it repossessed his house on Ailesbury Road in Dublin 4 over a debt of €10m. 

Lawyers for MCR said the issue facing Mr McFeely is not the debt, but his alleged disobedience to the court. The hearing was adjourned until 3 December.

Meanwhile, Mr McFeely's appeal against the repossession of the house on Ailesbury Road will be heard in the High Court on 19 November.