Ex Celtic big knob and Caymen island resident bent Brian Dempsey fell on hard times , poor fella . He filed for sequestration leaving £11 million of debt .
But fear not because good ole Brian had the foresight to transfer shares of one of his companies to his cousin James Dempsey five months before he went to the wall . These shares were virtually worthless , or so it seemed .
Lo and behold , Briano has come out the otherside of the ordeal of bankruptcy and his cus transferred the shares back to him . And shock horror those could now be worth £500 million .
Thing is the company involved , Iris strategic land fund have been given the go ahead for a 500 home development at Moodiesburn by North Lanarkshire council .
So why were the afore mentioned shares deemed worthless ?
The land this development is to be built on is greenbelt land . Yet labour controlled North Lanarkshire council have granted major labour funding Dempsey planning permission despite the advice of their own planning officials branding it " inappropriate and unjustified"
Despite the fact the same council have continually knocked back a similar development in nearby Glenboig by Banks construction on Brownbelt land . Banks feel that something fishy has been going on .
I tend to agree .
The application is now at Scottish government stage so hopefully it will get binned . Probably not though .
Dempsey was also the chief architect of the Lennoxtown land deals I do believe .
Such is life in the corrupt land we live in .
But fear not because good ole Brian had the foresight to transfer shares of one of his companies to his cousin James Dempsey five months before he went to the wall . These shares were virtually worthless , or so it seemed .
Lo and behold , Briano has come out the otherside of the ordeal of bankruptcy and his cus transferred the shares back to him . And shock horror those could now be worth £500 million .
Thing is the company involved , Iris strategic land fund have been given the go ahead for a 500 home development at Moodiesburn by North Lanarkshire council .
So why were the afore mentioned shares deemed worthless ?
The land this development is to be built on is greenbelt land . Yet labour controlled North Lanarkshire council have granted major labour funding Dempsey planning permission despite the advice of their own planning officials branding it " inappropriate and unjustified"
Despite the fact the same council have continually knocked back a similar development in nearby Glenboig by Banks construction on Brownbelt land . Banks feel that something fishy has been going on .
I tend to agree .
The application is now at Scottish government stage so hopefully it will get binned . Probably not though .
Dempsey was also the chief architect of the Lennoxtown land deals I do believe .
Such is life in the corrupt land we live in .
