Sunday 18 March 2018

Bank sues man for ¤21m loans

KBC Bank is suing a businessman for almost €21m over unpaid loans and guarantees mainly related to a shopping centre development in Navan, Co Meath.

The proceedings against Patrick Kerrigan, Cortown, Kells, Co Meath, were transferred yesterday to the Commercial Court. Mr Justice Peter Kelly listed the bank's application for hearing on Thursday. The bank is suing Mr Kerrigan under a loan facility for €1.25m, accepted in January 2000, and varied by subsequent facilities. It is also suing Mr Kerrigan under his May 2006 guarantee of debts of Navanco Developments Ltd, with registered offices at Crowe Street, Dundalk, Co Louth.

Nine injured in earthquake

A moderately strong earthquake cracked buildings and knocked televisions and glassware from tables in a central Philippine province, injuring at least nine people and sending others rushing outside in panic, officials said.

The quake came a month after 58 people died in a quake on another Philippine island.

Mexico asks for drug fight help

Mexico president Felipe Calderon asked US Vice President Joe Biden for Washington to do more to halt the flow of weapons and drug money into Mexico.

Mr Calderon's request came during a meeting in the presidential residence in Mexico City, where Mr Biden was on a one-day visit.

Mexico's president "repeated the urgent need to strengthen actions against the trafficking of weapons into our country and money laundering", his office said in a statement.

Baseball star Dykstra jailed

Former New York Mets outfielder Lenny Dykstra has been sentenced to three years in a California state prison in a car theft case.

Dykstra was sentenced after a Los Angeles County Superior Court judge refused to allow him to withdraw a no-contest plea.

Prosecutors said Dykstra and two others tried to lease and then sell high-end cars from several car dealerships by claiming credit through a phony business.

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