Developer fails in appeal over sale of €25m loans to a fund

A property developer has failed in an appeal in which he challenged the sale of his and his company's loans of around €25m to a fund.

William Farrelly, of Hill of Wall, Athboy, Co Meath, and his company, Vitgeson Ltd, also failed in his appeal over a challenge to the power of receiver Tom O'Brien of Mazars to sell properties on which loans were secured.