Carrick house in legal bid

NAMA is taking legal action against bankrupt developer Ray Grehan to get him to reverse the transfer of a property to his daughter.

NAMA is taking legal action against bankrupt developer Ray Grehan to get him to reverse the transfer of a property to his daughter.

NAMA accounts show High Court proceedings concerning a property in Carrick-on-Shannon began against Mr Grehan and his daughter early this year.

Grehan is understood to owe NAMA over €300m, he secured bankruptcy protection in the UK in 2011.