AIB in court in disputed sell-off

The owner of the Dublin city centre property which housed the La Stampa restaurant, bar, and hotel claims AIB advertised them for sale at up to €7.5m less than their value.

Louis Murray, aged 71, a director of Bailieboro Springwater Ltd, now in receivership, and former operator of the La Stampa, Samsara Bar and the Dawson Hotel, on Dawson St, says they are worth at least €20m and up to €22.5m, but AIB put them up with a guide price of just €15m.

Mr Murray, of Killiney Hill Rd, Dublin, and his company, provided security on the property in 2005 over borrowings from AIB.