Central Bank secures High Court order extending suspension notice against local businessman

The Central Bank yesterday secured a High Court order extending a suspension notice against the managing director of a Dundalk-based company, European Mortgage Call Centre Ltd, pending a fitness and probity investigation.

The move came following complaints by two clients of the fir against James Cumiskey (pictured above) of Sliabh na Glough, Jenkinstown, Dundalk.

According to a report in today’s Irish Examiner, the complaints include alleged failure to return, or return in full, monies paid for mortgage deposits despite mortgage approval having not been secured.

The court heard that Mr Cumiskey had not yet and an opportunity to appear before the Central Bank. He was also not in court yesterday, with a reference made to his having medical difficulties, but was represented by counsel who said there would be consent to the firm not practising pending the bank’s investigation.

The complaints, brought forward by the Financial Services and Pensions Ombudsman last January, are separate allegations by two men against Mr Cumiskey.

The men said they paid deposits of €27,000 and €20,000 and sought the return of those two months later after mortgage approval was not forthcoming.

Both alleged their deposits have not been repaid in full despite ongoing efforts by them in that regard and commitments by Mr Cumiskey to do so.

Read the full story here.