Court orders Independent TD to repay over €19m debt
Independent TD Mick Wallace has been ordered to repay ACC Bank €19,166,680 for personally guaranteed loan facilities made between 2004 and 2008 for his development company, M & J Wallace Ltd, which is in receivership. As the RTÉ report notes The order for summary judgment means the bank can now take steps to recover the money. The court was told the money relates to five loans granted to Mr Wallace’s company, M & J Wallace, which is in receivership. The loans were …