Businessman admits pocketing MILLIONS from council meant for solar investments

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A businessman has acknowledged he personally received a "substantial part" of the £130million invested by a heavily indebted Essex council for solar energy projects.Thurrock Council had transferred the funds to companies controlled by Liam Kavanagh, who has now confirmed in High Court documents that much of this money ended up in his own hands.Records submitted to the court reveal a spending spree on high-value assets following the transfers, with Kavanagh, acquiring a yacht valued at £14 million, and a private aircraft costing £9million.He also used the ill possessed money to purchase a Spanish villa worth £3million and an £800,000 sports car.

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TRENDING Stories Videos Your Say The admissions emerged through documents obtained by the Bureau of Investigative Journalism.Thurrock Council declared itself effectively bankrupt in 2022, burdened by approximately £1.5billion in debt, and has depended on central government assistance ever since.In his High Court defence, Kavanagh stated he had...

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