" A wealth of information..."

"1169 And Counting is a wealth of information on our Republican past and present , and demonstrates how the Irish political landscape , like that of any nation, will never be a black and white issue..."

(From the ‘e-Thursday’ section of the ‘Business Week’ supplement of the ‘Irish Independent’ , 21st August 2008.)



IRISH BLOG AWARDS 2017 - ooops! It seems that our entry application was "not completed in time to be considered.." (?) and, as such, we are not now in the running. But we wish all the best to the successful entrants and to the organisers, and we hope all goes well for them on the day!


Monday, October 09, 2006

LOTTERIES AND OTHER HOLD-UPS .......
From 'New Hibernia' magazine , April 1987.

Joe McGrath and Jack O' Sheehan are dead : Archie Doyle went , though not before telling us how they had shot Kevin O' Higgins : Eamonn Duggan is no more , nor Uncle Jack and Aunt Molly .

Maybe it's time to think about the living , for I believe that there is still some twelve million pounds in the Irish Hospitals Trust account : why not divide it between the sacked employees who , over forty years , have done as much as anybody else for the good of medicine in this State ?
[END of 'LOTTERIES AND OTHER HOLD-UPS']
(Next - 'Pillars of Society - Michael O' Leary' : from 1986)


PASSPORTS , PLEASE....... !
The latest passports for investment revelations involve a controversial £10,000 donation to Fianna Fail by US investor Gerry Lindzon .
There are grounds for suspicion that much of the money that changed hands in other deals was never intended for investment in the business but rather a 'facility fee' which accrued to the company for allowing its name to be used .
By Daire O' Brien .
First published in 'MAGILL' magazine , March 1999 .

There is an unconfirmed account , related by one source who successfully operated as a go-between for investors and Irish companies , that a bank could give 'letters of comfort' to the investor , effectively guaranteeing the return of his/her money in exchange for a " discounted " facility fee . If this is the case , the 'Passport For Investment Scheme' was abused and no 'investment' , in the sense of risk , was ever made .

In the most 'famous' case , that of the Masri's investment* in C&D Foods (*by Munib R. Masri) , no information has ever been forthcoming on what exactly the Palestinian businessmen got for their investment , or even how much the investment was. The man who is regarded as the facilitator for the Masri deal , Roscommon accountant Brian O' Carroll , spoke to 'Magill' magazine : we asked him three questions regarding the transaction -
A) The size of the Masri's investment ?
b) What class of equity was issued in return for the investment ?
c) If no equity was invested , what did the Masris receive from C&D Foods ?

Brian O' Carroll confirmed to us that the investment was £1.1 million : he stated that he did not negotiate with the Masris on the shape of the investment - that he just effected an introduction - but that the money was a "...loan.." and did not involve equity changing hands . On what the Masris received in return , apart from two passports , he says that there was a promise of "...ongoing.." trade links between the Reynolds and the Masris.......
(MORE LATER).



THE YOUNGER BREED : TONY GREGORY .......
From 'The Phoenix' magazine , February 1985 .

Tony Gregory was proved wrong in not running Mick Rafferty in the by-election caused by the death of Fianna Fail's George Colley - (Provisional) Sinn Fein's Christy Burke , who was also involved in the anti-drugs campaign, outpolled the (State) LabourParty and gave the Workers Party a run for their money .

With Fianna Fail and Fine Gael now set to throw all their resources into winning Dublin seats at the next election , Tony Gregory's position is in danger : unlike the days when he held the aces , he can no longer deliver . Crumbs from 'the deal' still remain , but that may not be enough . He is still popular , but with Charles Haughey and Garret Fitzgerald offering the sun , moon and stars , Gregory may fall down on the vital first preference vote.

He could then find himself battling for transfers , which was how he came to Leinster House in the first place .
[END of 'The Younger Breed : Tony Gregory']
(Next-'Empires Of Dust' : from 'MAGILL' magazine , 2003)