Businesswoman claims €1m was wrongly used to buy hotel to house Ukrainians

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Yvonne Treacy says money was used, “in breach of company law”, from a firm she owns jointly with her husband via IrishTimesBiz

The action initiated by her is also against Blackoak Limited, Timbertoes Ltd, which were allegedly involved in the acquisition of and refurbishment of the hotel, and Mr Edward Keena, who the court heard is Anton Treacy’s brother-in-law and a registered half-owner of the Golf Hotel.

The Kerry hotel is allegedly in receipt of “a very significant income and profits”, estimated to be over €490,000 per month, under the Housing Standard Accommodation Recognition Payment Scheme for housing refugees from Ukraine. Represented by Gary McCarthy SC, with Arthur Cunningham BL, Ms Treacy claims Combray contributed half the purchase and refurbishment costs generated by the Co Kerry hotel.

The court heard Ms Treacy claims the Golf Hotel is currently owned by Anton Treacy and Edward Keena on trust for Blackoak. Blackoak, she claims, is owned by two of Mr Treacy’s brothers.

 

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It appears that many Hoteliers in Ireland are sone of the most unscrupulous money grabbers the country has ever produced

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