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Sunday 17 November 2019

Callely and wife sued over €2.9m loans debt

Ex-minister Ivor Callely was jailed for five months in 2014
Ex-minister Ivor Callely was jailed for five months in 2014

Former junior minister Ivor Callely and his wife Jennifer are being sued in the Commercial Court by a finance company over €2.9m outstanding on loans to them in 2013 for property investment.

Everyday Finance DAC is seeking judgment against Mr Callely, of Howth Road, Killester, and Jennifer Callely, of St Lawrence Road, Clontarf, both Dublin, arising out of €2.4m in loans advanced to them by AIB to purchase investment properties.

The loans were sold to Everyday Finance in 2018.

Accident

Mr Callely was not in court nor represented because it had not been possible to contact him following an accident on his bicycle in the summer, Cian Ferriter SC, for Everyday Finance, said.

However, Mr Ferriter said Mr Callely is involved in a separate case and a court was told last week he should be in a position to give evidence in the other proceedings in the coming weeks.

Counsel said he therefore suspected he was aware of this case.

In the circumstances he asked for an adjournment for three weeks when, if necessary, an application to serve him with court papers, other than personally, will be sought.

His wife, who the court heard now goes by her maiden name of Foley, was represented in court and did not object to the adjournment.

Mr Justice Robert Haughton agreed to adjourn the application for entry of the case into the fast-track commercial list for three weeks and he noted an appearance on behalf of Ms Callely.

Mr Callely is a former Fianna Fail minister of state and senator who was jailed for five months in 2014 after he admitted fraudulently claiming €4,207.45 in expenses from the Oireachtas on forged mobile phone invoices between November 2007 and December 2009, while he was a senator.

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