Local government, Politics, Society, UK news, Essex, Austerity Business | The Guardian
Thurrock, which declared effective bankruptcy in 2022, claims Dubai-based Liam Kavanagh bought yacht and jetA debt-ridden English council has alleged in a high court lawsuit that a Dubai-based businessman misused £150m of its investments for personal gain, including buying a luxury yacht and private jet.Thurrock council in Essex, which formally declared effective bankruptcy in 2022 having run up debts of more than £1bn after a series of disastrous investments, is suing Liam Kavanagh and his firm Rockfire Capital in London’s high court. Continue reading…
Thurrock, which declared effective bankruptcy in 2022, claims Dubai-based Liam Kavanagh bought yacht and jet
A debt-ridden English council has alleged in a high court lawsuit that a Dubai-based businessman misused £150m of its investments for personal gain, including buying a luxury yacht and private jet.
Thurrock council in Essex, which formally declared effective bankruptcy in 2022 having run up debts of more than £1bn after a series of disastrous investments, is suing Liam Kavanagh and his firm Rockfire Capital in London’s high court.
