Further €60,000 found at Tom McFeely's former home

The Criminal Assets Bureau is searching the former Dublin home of developer Tom McFeely after €200,000 in cash was found there.

CAB officers found €60,000 in €50 notes yesterday after they were called to the Ailesbury Road property when a plumber discovered €140,000 last Friday.

Detectives searching the house found €60,000 cash hidden in the bathroom.

The €50 notes were rolled in elastic bands and stored in plastic bags.

No one has come forward to claim the money, which has been lodged in a High Court assignee's account appointed after the former IRA hunger striker was declared bankrupt.

The house, Coolbawn, was once worth over €15m but sold for around €3m earlier this year.

The developer built the Priory Hall apartments, where 180 families were forced to leave their homes two years ago after fire hazards were identified.

The blocks are now unoccupied and the residents remain in temporary accommodation.

Mr McFeely has admitted he owes over €200m but told a court less than a year ago he had less than €1,200 in the bank.

A separate court action to have him jailed over an alleged unpaid debt is due to resume in two weeks.

CAB officers say their search is due to finish tonight. They have not found any documents or evidence as to the ownership of the cash.

Mr McFeely has already denied in court that he has any hidden assets and neither he nor anyone else has come forward to claim the €200,000.

Seven years ago he made a tax settlement with CAB for €8.5m.

Taoiseach Enda Kenny said the discovery the cash was a result of profligacy and greed.

Mr Kenny said it was a result of what happened during the so-called Celtic Tiger years when you had money sloshing around in so many places.

He also said an inch-by-inch search was taking place at the house and grounds to see if there was any more money there

He said NAMA had a clear interest in this and the public should wat and see what transpires.

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