Friday 15 December 2017

Bank said only e13k of my e4m was gone -- Clayton

U2'S Adam Clayton claims that a bank and accountants told him just over €13,000 of his money was missing when the real figure was €4.4m.

The claim emerged in a High Court action by bassist Clayton over the alleged misappropriation of up to €4.8m from his bank accounts.

He claims his accountants had assured him in September 2008 the sum misappropriated was about €13,585 when at that stage it was about €4.4m.

Mr Clayton is suing Bank of Ireland Private Banking Ltd and chartered accounting firm, Gaby Smyth & Co, of Merrion Road, Ballsbridge, Dublin 4, arising out of claims that his former personal assistant Carol Hawkins misappropriated the money over five years until November 2009.

Mr Clayton, of Danesmoate Demesne, Kellystown Road, Rathfarnham, Dublin claims the bank and the accountants failed to detect the extent of the alleged fraud.

He is seeking €4.38m damages and €4.8m damages respectively against the defendants for alleged negligence and breach of contract arising from the alleged misappropriation by Ms Hawkins of €4.8m.

Mr Clayton has brought separate proceedings against Ms Hawkins, of Crannagh Road Dublin 14, over the alleged misappropriation.

The claims are denied.

A dispute has arisen over what documents can be used as part of the court action

Last November, following submissions from the sides, Mr Justice Paul Gilligan made a series of orders and directions in relation to the disclosure of documents and exchange of material between the parties in advance of the full hearing.

Yesterday he said he would clarify a ruling he made on the matter in November by listening back to the digital court recording of the hearing. He would give his decision on the matter in two weeks.


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