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Wed 05 May 2010Secret profits alleged in Sligo site sale case
AN ACCOUNTANT who denies he sought to make secret profits from a deal involving the €11.5 million purchase of a development site in Sligo has claimed former EU commissioner Ray MacSharry and others approved a sale and sub-sale arrangement for the site which was allegedly not disclosed to some investors.
Accountant Kenneth McMoreland is seeking to be indemnified by Mr MacSharry snr and others against any damages that may be awarded against him in proceedings arising from dealings relating to the Saehan site which was purchased in 2006 by Foresthaze Developments Ltd, a company of which Mr MacSharry snr was chairman.
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