Businessman ordered to pay financial adviser almost €50k

A Co Kildare businessman, who lost his €6m Griffeen Shopping Centre in Lucan, Co Dublin, in a forced sale by AIB Bank, has been told by a judge he must now pay his financial adviser €48,000 in professional fees and costs.

Judge John O’Connor heard in the Circuit Civil Court that John McLoughlin, Kings Lane, Kilteel, Naas, had employed CKS Finance Limited in March 2016 to raise a €6m rescue fund to save his ailing Griffeen Properties Ltd which owned the shopping centre.