{"id":546227,"date":"2026-04-23T10:29:13","date_gmt":"2026-04-23T10:29:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/546227\/"},"modified":"2026-04-23T10:29:13","modified_gmt":"2026-04-23T10:29:13","slug":"investor-admits-taking-millions-from-thurrock-council","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/546227\/","title":{"rendered":"Investor admits taking millions from Thurrock Council"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In 2019, \u00a315m was transferred to Kavanagh by company Rockfire Investment Finance, where he was chief executive.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Kavanagh said he believed these were fees for the transactions made on behalf of the council.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He admits spending \u00a313.7m on a yacht, \u00a39.1m on a private jet, purchasing a \u00a33m villa in Mallorca and spending \u00a3800,000 on a sports car.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The businessman claims the terms of the deal allowed him to use the money as he saw fit.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Kavanagh said he was not able to admit, based on the information available to him, how the acquisition of these assets was financed.<\/p>\n","protected":false},"excerpt":{"rendered":"In 2019, \u00a315m was transferred to Kavanagh by company Rockfire Investment Finance, where he was chief executive. Kavanagh&hellip;\n","protected":false},"author":2,"featured_media":546228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":{"0":"post-546227","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-gb","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/546227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=546227"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/546227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/546228"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=546227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=546227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=546227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}