23/02/2005

Policing Board chairman severs link with company

Policing Board Chairman Sir Desmond Rea has severed his links with a company which is a subsidiary of a firm under investigation by police in connection with alleged money laundering in the Irish Republic.

Sir Desmond quit as non-executive director of Ivy Wood Properties, a subsidiary of Harcourt Developments, after businessman Phil Flynn resigned from Harcourt following garda inquiries into the alleged money laundering.

Sir Desmond resigned on Sunday following newspaper coverage of the resignation of Mr Flynn, a former Sinn Fein vice president, from a range of business directorships, including chairman of the Bank of Scotland's Irish division.

In a statement, Sir Desmond said: "As soon as I had the first indication that there was any link - however tenuous and speculative - between my position as a non-executive Director of Ivy Wood Properties Ltd and the widespread coverage around ongoing policing operations in the Irish Republic, I decided that it would be appropriate for me to stand down from the Ivy Wood Properties Board, which I joined only last September.

“I would like to make it entirely clear that I know of no information whatsoever to link Ivy Wood Properties or the development in Belfast to any wrongdoing.”

Sir Desmond said he could not afford to bring such publicity, “however ill-founded”, to the door of the Policing Board.

Ivy Wood Properties currently owns the the development rights to Belfast's Titanic Quarter.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

10 May 2018
Church Of Ireland To Launch New App
The Church of Ireland is to launch its new app today, 10 May. The Book of Common Prayer is being transformed into a digital format and will see the church move into the modern age. The Daily Worship App is an initiative by the Church's Central Communication Board, in close cooperation with the Church's Liturgical Advisory Committee.
04 May 2018
Housing Executive Urged To Clarify Tower Block Proposals
Sinn Féin Housing Spokesperson Carál Ní Chuilín has written to the Chief Executive of the Housing Executive Board seeking clarity on their plans for Tower Blocks in north Belfast. The North Belfast MLA said: "There are 33 Tower blocks across the north, seven of which are in the New Lodge area of North Belfast.
24 April 2018
Sex Crimes Review Announced By Criminal Justice Board
An independent review of the arrangements to deliver justice in serious sexual offence cases has been announced by the Criminal Justice Board. Sir John Gillen will lead the review supported by an Advisory Panel.
22 February 2011
Board Seeks Baggott Meeting Over McGurk's
The NI Policing Board is to discuss the PSNI Chief Constable Matt Baggott's overnight statement that "all lines of enquiry had now been exhausted" into the McGurk's Bar bomb atrocity in 1971.
30 August 2018
Public Consultation On Local Policing Launched
The PSNI and Policing Board have launched a public consultation to explore how police can best meet public needs and demands and deliver the most effective local policing. Launching the consultation, the PSNI said: "Society is changing, crime is changing and policing is changing.
19 December 2018
PSNI To Recruit 300 Officers After £16m Brexit Funding Boost
The PSNI has been awarded £16.48 million for Brexit preparations, that will fund the recruitment of over 300 officers as part of additional Treasury financial provisions. The Northern Ireland Office has confirmed the news.
11 December 2017
Car Catches Fire On A1
A car caught fire on the A1 on Monday, 11 December, after the driver left a blanket on the engine. The driver forgot to remove the blanket after placing it on the engine overnight. PSNI Road Policing officers attended the scene and there were no reports of any injuries.
20 November 2018
Public May Be Banned From Future NI Rape Trials
A new report has recommended that the public should be banned from trials regarding serious sexual offences as part of a radical overhaul in Northern Ireland.
17 October 2018
Leadership Required To Improve Public Services
A former head of the Northern Ireland Civil Service has called for elected representatives to make difficult decisions about public services when the current political impasse at Stormont ends. Sir Malcolm McKibbin retired last year and has since contributed to a Deloitte report on the state of the public sector.
07 December 2018
Cliftonville Striker Jay Donnelly Excluded From Weekend Match
Irish Premiership footballer Jay Donnelly will not play for Cliftonville for the second week in a row after being convicted of distributing an indecent image of a child. Cliftonville manager Barry Gray announced on Thursday that the 23-year-old won't be involved in the match against Glenavon on Saturday 08 December.
09 February 2018
Rise In NI House Prices
House prices in Northern Ireland have increased, however less properties are going on the market, according to a report. The survey, by the Royal l Institution of Chartered Surveyors (RICS) and Ulster Bank revealed the market in NI is considerably more positive than in some other regions in the UK.
15 March 2018
Investigation Launched Following Fire In Carrickfergus
An investigation has launched after significant damage was caused to a house and neighbouring properties in Carrickfergus. The blaze started at a property on Victoria Road at around 3pm on Wednesday, 14 March. Emergency services attended the scene and put the fire out. No injuries were reported.
14 May 2018
Weapons And Ammunition Seized By PSNI Following 12-Day Search
The PSNI have recovered a 'significant quantity' of weapons and ammunition following a 12-day search operation in Lurgan and Benburb. Detectives from the PSNI's Terrorism Investigation Unit conducted 13 searches involving land and properties from Sunday, 29 April to Friday, 11 May.
03 April 2009
Policing Board Welcomes Number Of PSNI Applications
There's been no shortage of applicants for the police, despite the recent highly publicised escalation in the dangers involved - and the tragic murder of one serving officer on duty.
21 April 2006
Policing board to question Orde over Colwell shooting
Chief Constable Sir Hugh Orde is to be questioned by the Policing Board over the shooting of 23-year-old Steven Colwell at a police checkpoint last weekend. It is understood that the Chairman of the Policing Board, Sir Desmond Rea, along with Board representatives will ask the Chief Constable for an account of what exactly happened.