George Morgan Magan, Baron Magan of Castletown (born 14 November 1945), is a Conservative member of the House of Lords of the United Kingdom. He comes from an Anglo-Irish family, and is the son of the late Brigadier Bill Magan, who served as a director at MI5. He was educated at Winchester College and then became a Chartered Accountant. He was declared bankrupt in September 2020.
Contents
Legal Issues
In 2017, Lord Magan of Castletown obtained a loan from a fellow peer, Lord Ashcroft, to avoid a bankruptcy application in London.
In 2018, he was ordered to pay €572,000 in rent arrears for his use of Castletown Cox in County Kilkenny, Ireland.
In September 2019, Magan was evicted from Castletown Cox for failure to make rental payments of €100,000 per annum to the trust he had placed the estate into, which had sold the property for a reported €19m in 2018. The High Court in Dublin ruled that Lord Magan of Castletown was not entitled to a new tenancy of the Castletown Cox mansion. Unable to pay his lawyers, there was some evidence of a legal move against his residence in London.
In October 2019, the High Court in London sentenced Magan to one week imprisonment, suspended for six weeks, after ruling that he was in contempt of court for failing to provide all the information requested about his finances, adding "His current attitude, that this seems to be a wholly voluntary process, is highly mistaken."