A High Court judge has granted a temporary freezing order on the personal assets of businessman Colm Wu, as part of legal proceedings related to financial misconduct.
Dublin-based Chinese businessman Colm Wu, also known as Guoqing Wu, was behind a number of hospitality venues in the capital, including the Abbey Lane Hotel near Temple Bar and the the Clifton Court Hotel at 10 and 11 Eden Quay, Dublin 1
Wu faces allegations of reckless trading, which involves making business decisions that could jeopardize the company’s financial stability, as well as misfeasance.
Additional accusations include the improper disposition of company assets and failing to maintain proper records, raising concerns about his business practices.
The action taken by the liquidator highlights ongoing efforts to secure the financial interests of creditors and examine the legitimacy of Wu’s business dealings.
In 2018 the Revenue applied to wind up some of Wu’s businesses, Mulligan & Haines Hospitality Ltd, which is the company behind the eponymous pub and restaurant on Dublin’s Dame Street; Asian Bar Investment Ltd, which is a company behind the Lock Keeper bar and restaurant in Ashtown, Dublin; Abbey Lane Hotel (Trading) Ltd, which is behind the Abbey Hotel on Middle Abbey Street in the capital; and Castor Ventures Ltd.
Mr Wu was also involved in a number of other properties around the country, including the Skellig Hotel in Co Kerry and the Grand Hotel in Tramore, Co Waterford.
