CAB to seize Jackson Way compensation

dublin | environment | news report Monday September 08, 2003 15:28 by Carrickmines chap - Carrickmines

The dodgyfest so far...

CAB to seize Jackson Way compo claim
Thursday, August 28 06:45:02

(BizWorld)

Property development group Jackson Way is likely to see a million-euro compensation award due for its land in Carrickmines, Co Dublin, seized by the Criminal Assets Bureau (CAB).

The CAB is expected to freeze part or all of any compensation the company receives in respect of land which was compulsorily acquired for the South-Eastern Motorway, according to the Irish Times.
CAB detectives have been investigating the ownership of Jackson Way and its efforts to lobby politicians for a rezoning of the land for several years.


They are also closely watching the arbitration process on the company's compensation claim which was expected to be concluded by arbitrator John Shackleton more than six months ago.

However, his ruling was delayed when Jackson Way was struck off the companies register in the UK, where it is incorporated, last January.

Last month Jackson Way successfully applied to be restored to the register. Shackleton will now reconvene the arbitration hearing late next month to hear evidence on the ownership of the company.

The controversial property group is seeking E47m in compensation for the 20 acres of its land which were acquired for the motorway. However, Dun Laoghaire-Rathdown County Council is willing to pay only E7.6m for the land.

Other article:
http://www.onbusiness.ie/2003/0828/presswatch.html

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