Developer Michael O'Flynn has disagreed in the High Court that Patrick Cox functioned outside the O'Flynn group structure when Cox started working as a investment manager in 2010. He said there was nothing stopping Mr O'Flynn himself getting involved in a separate business from those in Nama. He disagreed with Paul Gardiner SC, for the defendants, that as Mr Cox was working for VHML in England, he was "specifically working outside the O'Flynn group structure". Mr O'Flynn said while VHML was a separate structure, Mr Cox "would have been working for a company associated with other companies in the group." He took exception to what he said were Mr Gardiner's repeated suggestion there was something wrong with setting up the separate VHML structure.

Source: Irish Examiner January 17, 2020 17:03 UTC