Monday, October 10, 2011

Celtic Tiger banking

Irish Times

The case relates to loans provided by Bank of Scotland to HSS, Jeffel and Park Associates Ltd - the Mansfield group - of which Mr Mansfield is a director. The loans were advanced for purchase of lands and for development of a conference office, a golf course, residential units and a hotel.

Mr Leonard said business was conducted between Mr Mansfield and the bank via verbal agreements on funding, with the “paperwork” put in place later. 

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