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Man accidentally had €250,000 lodged in to his account, bank claims

Summary

Ulster Bank secured a temporary freezing order against Mr Haris Shaikh, who had previously lived in Clonsilla, Dublin, after an accidental €250,000 deposit was made into his mortgage account by a third party. The bank claims Shaikh owes it just over €250,000 from a mortgage he had taken out in 2005 for a property at Lime Lawn Glade, Clonsilla. In 2014 Shaikh decided to sell the property, and the bank believed the mortgage balance had been reduced to €57,000 after the accidental deposit, which it thought had been paid off when the property sold for about €325,000. The remaining sale proceeds were lodged in Shaikh's solicitor's client account, and the bank considered the mortgage redeemed. The High Court granted a Mareva injunction, preventing Shaikh, his agents or anyone acting on his behalf from dissipating, reducing or removing from the State any funds or assets below €251,000.

Who, what, where, when and why

What: Report matter: Man accidentally had €250,000 lodged in to his account, bank claims. Charges or matters: Owing a sum of just over €250,000 arising out of a mortgage. Procedural stage: hearing_or_decision

When:

• 2015-11-16 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report