The two brothers who run Bovale developments have confirmed to RTE News that they have made a settlement with the Revenue Commissioners which is understood to be in the region of €25m.
The payment is bigger than any other settlement published by the Revenue Commissioners.
In a statement, brothers Tom and Michael Bailey say they have reached a 'full and final' settlement and that they have co-operated fully with the Revenue Commissioners. It adds that they will not be making any further comment.
