The Revenue Commissioners have initiated High Court proceedings to wind up several companies owned by property developer Greg Kavanagh. One of these companies, Fofo Investments, was identified as a tax defaulter last year, with an outstanding debt of €541,000. Despite this, Kavanagh claims that other businesses he owns are due refunds exceeding €6 million, indicating a complex financial situation involving significant tax liabilities and potential refunds.
"The Revenue Commissioners has asked the High Court to wind-up a clutch of companies controlled by property developer Greg Kavanagh, indicating serious financial issues."
"Fofo Investments, one of Kavanagh's companies, was named last year by Revenue as a tax defaulter, owing €541,000, which remains unpaid."
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