Seanies holding in the company is in a nominee capacity. He has no beneficial interest. The reason for the holding is that the company predated the legislation allowing single member companies which was only introduced in the 90s. You will note the accounts state that the company is a wholly owned subsidiary of Anglo.
As a nominee company, it holds the shares in Tysan Investments but it is not a wholly owned subsidiary as it is acting as a nominee.
Re Balcuik the accounts are linked below. Although the shares in the parent company are held by Anglo Nominees, the accounts disclose the beneficial interests of the directors but this only accounts for 40% of the ownership.
Gunne, Melly, O’Brien, McGann, Keane & Coulson each have 200 shares or 6.66% each. That leaves Lindat Limited (this is a Pat Doherty of Harcourt Developments company),Lar Bradshaw, Sean Fitzpatrick, Paddy Wright, Longstone Estates Limited and Lochlann Quinn divvying up the rest.
Anglo does have a charge over the 106M borrowings that Tysan has from them secured on its assets. It also has a seperate charge on the Balcuik property.
So Anglo Irish Bank is now an arm of state? Why not just merge them with the Dept of Finance and have done with it.
The Anglo HR guy or girl must have woken up one morning to find they had been transported to a parellel universe. I doubt if being a relevant authority for the purposes of the Ethics in Public Office legislation (whatever that actually means) is a standard part of training courses for HR managers.
NTR are some dark outfit they are the true kings of corruption… country has been destructed in a most effective an insidious way. Money. No better agent of control.
I pointed out for years to people that NTR through the M50 money printing operation that they where buying up interests in all future “green companies” it was obvious it was on their website early 00’s. I marched as a young fella against their plans for a huge dump in D15. We closed down the M50 for a short period. Imagine doing that now