Broadcaster and former minister Ivan Yates is to resign from his media commitments and is to leave Ireland for a second time. He has denied that the move was prompted by his family's legal battle with AIB.
Mr Yates will depart his role as co-presenter of Newstalk Breakfast on July 1st. He will also step down as host of TV3's Sunday AM and stop writing a column for the Irish Independent, it is understood.
A statement on behalf of Mr Yates said he had informed Newstalk of his decision to leave in March 2015, more than a year ago. He denied suggestions that he was returning to live in Wales. "It is not true that myself or Deirdre are going to Wales. We are taking a year's sabbatical. Our plans after that are unclear at this point," it said.
AIB pursued his wife for monies arising from guarantees she signed on loans used to expand the Celtic Bookmakers chain, which was run by Mr Yates and collapsed in 2011.
The High Court ruled in February that AIB was entitled to a judgment of €1.6 million against Ms Yates. The bank demanded the repayment from Ms Yates, a primary school teacher, in June 2014.
Mr Yates previously moved to Swansea in Wales without his wife in 2012 in a case of so-called bankruptcy tourism.
He was declared bankrupt by a Welsh court in August 2012, qualifying for Britain’s more relaxed bankruptcy laws.
He emerged from bankruptcy in August 2013 and returned to Ireland where he resumed his role on Newstalk Breakfast that September. The show now has 171,000 listeners, making it the station's most popular show.
Newstalk said it wanted to wish Mr Yates “the very best” and thank him for his contribution to the station.
