Irish company in asset probe on Christian Brothers

The Ragged Wagon

Sunday, December 09, 2001

Irish company in asset probe on Christian Brothers
Sunday, December 02, 2001 By Emily O’Reilly

The liquidator is expected to ask an Irish court to allow him to investigate the company, Richmond Newstreet. Dublin-based Des Lamont heads up L and P Financial Trustees Ltd, which acts as secretary to the company and shares an address in Clonskeagh in Dublin. Lamont helped negotiate the controversial £20 million loan by beef baron Larry Goodman to Tipperary farmer Joe Kenny in 1990. A lengthy legal dispute arose from the Goodman/Kenny transaction. According to David Wingfield, lawyer to the Canadian liquidators, Richmond was set up in 1994 as an off-shore trust for the Christian Brothers.

Two years later, in 1996, the court appointed a liquidator to the Christian Brothers in Canada in order to release assets to pay massive compensation claims to sexual and physical abuse victims of the Brothers…

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