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Greg Coughlan RIP - Peoples Republic Of Cork Discussion Forums

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  #1  
Old 03-09-2019, 11:11 AM
Drucker Drucker is offline
 
Join Date: Apr 2016
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Default Greg Coughlan RIP

He got the last laugh:

Cork property developer Greg Coughlan, who fled the country after the financial crash, has died having never returned to Ireland.

Mr Coughlan, founder of the Howard Holdings property development company, went abroad in 2010 after failing to disclose his assets in accordance with a court order.

He had a judgment of €28m made against him but flew to Portugal without complying with the High Court order.

He was subsequently found to be in contempt of court and an arrest warrant was issued.

Mr Justice Peter Kelly accused the developer of "playing cat and mouse" with the High Court. However, because the arrest warrant related to a contempt of court issue in Ireland, it could not be enforced in any other jurisdiction.

News of Mr Coughlan's death began to filter through the town of Ballydehob in Cork yesterday morning.

He was born in the town but had built a luxury house in Kinsale before he left the country.

In 2013, the house, named Fastnet House, was sold for more than €3m.

At the time Mr Coughlan went abroad, his lawyers testified in court that he had been having "a feeling of impending doom" and that he "needed to spend some time away from it all".

Gardaí later found him missing when they called at his home in March 2010, and he was later spotted in London and Portugal.

Mr Coughlan was the only one of three Howard Holdings officials who failed to supply a statement of assets to the High Court sought by Loparco SA, a Luxembourg-registered company through which investors provided some €20m for Polish land deals.


****


Found him missing?





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  #2  
Old 03-09-2019, 11:16 AM
LarryDavid LarryDavid is online now
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We all partied.
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  #3  
Old 03-09-2019, 11:21 AM
Drucker Drucker is offline
 
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I'd say he came back a few times since.
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Old 03-09-2019, 11:28 AM
Lee Bushwacker Lee Bushwacker is offline
 
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🤔
He had a construction company that went bust in the 1980s owing loads of money. Some "operator" but RIP anyway.
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  #5  
Old 03-09-2019, 11:35 AM
Drucker Drucker is offline
 
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He was behind the "Atlantic Quarter," which would have been in the docklands, and was due for completion in 2013, but of course we all know what happened.

Still, it's an impressive looking project. This from back in 2008:

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  #6  
Old 03-09-2019, 11:41 AM
LarryDavid LarryDavid is online now
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In an alternative reality we have a 5000 seater event centre in operation down by the Pairc.
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  #7  
Old 03-09-2019, 12:01 PM
Mike Strutter Mike Strutter is offline
 
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I read about him this morning. He seemed to be some operator alright.
His place in Kinsale, though sold for over 3 million, it cost 6 to build!
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  #8  
Old 03-09-2019, 12:04 PM
gingin gingin is offline
 
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Howard Holdings left a lot of small businessmen, surveyors, architects, engineers, estate agents, builders, contractors and tradesmen in a large pile of sh1t after the crash.
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Old 03-09-2019, 12:09 PM
CJ Poogan CJ Poogan is offline
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Quote:
Originally Posted by Drucker View Post
He was behind the "Atlantic Quarter," which would have been in the docklands, and was due for completion in 2013, but of course we all know what happened.

Still, it's an impressive looking project. This from back in 2008:

The bridge is really needed for any development of the docklands
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  #10  
Old 03-09-2019, 12:14 PM
Jim Comic Jim Comic is online now
 
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Quote:
Originally Posted by gingin View Post
Howard Holdings left a lot of small businessmen, surveyors, architects, engineers, estate agents, builders, contractors and tradesmen in a large pile of sh1t after the crash.
yeah, fuck that guy, hope he rots in hell
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