THE trial of millionaire property developer Michael Ryan, who is accused of making corrupt payments to a former Deputy Mayor of Dungaravan, Fred Forsey, has collapsed.
Thsi morning (Tuesday,) the fifth day of the trial, Judge Donagh McDonagh told the jury of two men and ten women, that “an issue” had arisen and he had to withdraw the case from them. He said the issue, in his judgement, made it unsafe to continue.
Michael Ryan, with addresses at Al Eile Stud, Dungarvan, Co. Waterford, and The Sweepstakes, Ballsbridge, Dublin is accused of corruptly giving a gift or consideration consisting of a credit of €60,000, €10,000 and €10,000 to Fred Forsey on August 25, October 10 and December 22, 2006.
The monies are alleged to have been given to Fred Forsey who was then a member of Dungarvan Town Council as an inducement or reward for acting, in relation to his office or position, as a member of Dungarvan Town Council to secure a change in the planning status of lands then designated agricultural at Ballygagin, Dungarvan.
Ryan has pleaded not guilty to the charges. The case has now been adjourned until April 9.