Seymour Major Kuvera (Ireland) Ltd solicitor 'bankrupt'
An Enniskillen solicitor who was found liable for losses of more than 7m euro (£6m) suffered by dozens of investors in a failed overseas property scheme has been declared bankrupt.
Seymour Major was the solicitor for Kuvera (Ireland) Ltd, a Dublin firm which promoted an apartment investment in India.
People who lost money on the scheme claimed that two letters written by Mr Major in 2007 effectively induced them to invest.
In December, the High Court in Dublin ruled that Mr Major had a duty of care to more than 200 investors and as a result they could recover money from him.
Mr Major, of Dernawilt Road, Enniskillen, appeared in the official bankruptcy list on Friday.
He was listed as "retired solicitor, now costs draftsman."
At the court hearing last year, Mr Major said he had no assets of his own but, if he was rendered bankrupt by the action, the investors could move against his insurers.
The court also heard that, in the letters, Mr Major allegedly told prospective investors that the purchase of the proposed properties was "completely safe" under Indian law.
However, lawyers for the investors said the contracts with an Indian-based builder, VG Buildtech, turned out to be "invalid" and "worthless".
Mr Major agreed he had written the letters of 2007, but denied having a duty of care towards the investors.
The hearing was one of a series of legal actions aimed at recovering some of an apparent 8.9m euro (£7.9m) allegedly raised by Kuvera (Ireland) Ltd from up to 400 people in Ireland for the Indian property scheme.
The investors have claimed there was no evidence of any meaningful construction work on the two proposed developments of 580 apartments.
Claims against Kuvera (Ireland) Ltd, Marlborough House, Donnybrook, and its chief executive Kieran Murphy, Cabinteely Way, Cabinteely, Co Dublin, were settled out of court without admission of liability.