AROUND 250 LOCALS in Co Kildare removed IBRC receivers from a local stud farm yesterday afternoon and locked them out.
The farm, owned by Eugene McDermott, was to be sold by IBRC, formally known as Anglo Irish Bank, following an outstanding loan of €814,000. While McDermott also owes money to Bank of Scotland, believed to be in the region of around €7 million.
On Thursday, the group, headed up by Charlie Allen of the Rodolphus Trust, padlocked themselves inside the 120-acre of Kennycourt Stud Farm in Brannockstown and parked a digger at the gate preventing gardaí and security guards working for the receivers from entering the site.
However, when locals left on Friday the security removed the padlock and the digger and moved onto the site.
At around 2.30pm yesterday afternoon, the locals gathered on the Curragh and moved in convoy to a field near the stud farm. They crossed fields and used an angle grinder to cut through IBRC’s chains on fencing.
When they got to the stud farm the two security men were told to leave and the group pushed the security men’s cars onto the road. They then returned the digger to its former position in front of the gate and padlocked it.
No gardaí were present during the takeover and McDermott, who still lives in the house on the farm, did not attend.
Here are 13 pictures from yesterday’s takeover: