Application for orders of €22m ruled out by judge

A BUSINESSMAN has lost his application for judgment orders for more than €22 million against three other businessmen over their failure to repay a €10m loan advanced to them to help buy lands at Millennium Park in Co Kildare for a record €315m.

The agreement for the €10m loan was made to the three by Dermot O’Rourke in 2006 provided it was repayable over three years at 30% interest per year. He claimed about €22m was due over failure to repay it by August 2009 and he was also entitled to 32% interest on the outstanding sum from 2009 onwards.

Ms Justice Mary Finlay Geoghegan ruled Mr O’Rourke, Keredern House, Naas, was not entitled to the judgment orders against Thomas Considine, Coast Road, Oranmore, Co Galway; Patrick Sweeney, Main Street, Loughrea, Co Galway, and Gerard Prendergast, Moortown, Naas, Co Kildare.