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 x 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 An unregistered Equitable Deposit would be superceded by the two Judgement Mortgages registered against the property.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.