One of the men behind Jackson Way has admitted he misled the Mahon Tribunal over the purchase of lands at Carrickmines.
Solicitor John Caldwell revealed the land deal went through an Isle of Man company to avoid tax and to conceal his involvement. But he insisted he is not legally responsible for the lands.
Mr Caldwell originally told the tribunal he was no longer an Irish citizen and was threatened with High Court action before agreeing to today's testimony.
Companies were set up to buy lands
The tax exile, who is now living in Switzerland, was identified along with businessman Jim Kennedy as being the beneficial owner of Jackson Way.
Today, he admitted that Isle of Man registered companies were set up to buy the lands so he would not be liable for capital-gains tax.
He accepted it was misleading to say that the companies were behind the land purchase. However, he told the tribunal he is not the owner in a legal sense.
Mr Caldwell said Jackson Way's assets are held by Isle of Man businessman Martin Bullock and his mother.
Mr Caldwell and Mr Kennedy originally bought 108 acres in Carrickmines for €850,000 in 1988.
Jackson Way wants €47.5m in compensation for 20 acres used for a section of the South Eastern Motorway.
Mr Caldwell will continue his evidence tomorrow.
