Belfast Telegraph

Tuesday 3 March 2015

U2 star Adam Clayton hasn’t found €4m he’s looking for

U2 bassist Adam Clayton (left, on stage with The Edge) is suing a bank and his accountants
U2 bassist Adam Clayton (left, on stage with The Edge) is suing a bank and his accountants

U2 bassist Adam Clayton “couldn't be bothered” to check that money was pouring out of his bank accounts, a court heard yesterday.

U2 bassist Adam Clayton (left, on stage with The Edge) is suing a bank and his accountants

Mr Clayton is suing his bank and accountants after his PA was allegedly able to withdraw €4m (£3.3m) over five years without being noticed.

Michael McDowell, barrister for Bank of Ireland Private Banking (BOIPB), said Mr Clayton seemed to think the bank should have noticed more than €4m was “haemorrhaging” from his accounts between 2004 and 2009.

Mr Justice Peter Kelly yesterday refused an application by Paul Sreenan, barrister for Mr Clayton, to fast-track the proceedings into the Commercial Court.

Dubliner Mr Clayton last year initiated separate proceedings in the High Court against Ms Hawkins, also from Dublin. Those proceedings have yet to be heard.

Accountants KPMG reported the alleged misappropriation was €4,815,296 (£4m).

Nightlife Galleries

More

Latest Entertainment News

Latest Music News

Latest Film & TV News

Latest Eating Out News

Horoscopes

Your Horoscopes by Russell Grant

Pisces:

Your income will get a big boost, thanks to an impressive work assignment. You will be very busy in the days ahead, which is beneficial. You have a tendency to rest on your laurels when you have lots of free time. A demanding schedule forces you to step up your game. If your energy starts to flag, make time for daily exercise. It seems counterintuitive, but moving your body can actually refresh you. Working with a partner is strongly advised. A collaborator will attend to practical matters.More