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The Banks and the Charade
You will note that
Andrew F. Smyth (Mulligan's Solicitor) claims to be acting for ALLIED IRISH
FINANCE. There is a suitably vague letter from A.I.F. re lack of insurance.
However Registry of Deeds Search shows the mortgage is in fact with STRONGBOW
TRUST. When advised of this … stated that A.I.F. had an equitable
deposit.
The problem
with this story is that A.I.F. have nothing
registered. An unregistered Equitable Deposit would be superceded
by the two Judgement Mortgages registered against
the property. You will note the Arbitrator named the mortgagees as ANGLO
IRISH FINANCE. Given that the site changed hands in 1995 for £29,000 it
would leave nothing for A.I.F. after the two judgement
mortgages.
What possible
reason would a Solicitor have to pretend he was acting on behalf of a Bank?
IT COULD ONLY BE ANTICIPATION OF THE FIRE. This property was insured
on a Block Policy with IRISH NATIONAL INSURANCE. Having the wrong
name of the mortgagee would make it impossible to trace the insurance. CLEARLY
ANYONE WHO HAD KNOWLEDGE OF THE A.I.F. CHARADE HAD TO KNOW MR. MULLIGAN
ARRANGED THE FIRE.
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