Corr tells court: I'm not good with figures

Jim Corr said today that he never thought ACC Bank would hold him solely liable for a €1.4m land loan, as he was a minority stakeholder in the investment.

The 48-year-old musician is being cross examined by the bank about his financial affairs which were earlier described as being in a "state of freefall".

He told the Commercial Court that he was a 25% minority shareholder in the Co Kilkenny venture, and while he now understands the concept of joint and several liability, he never thought he would be pursued for the full amount.

A total of €778,000 remains outstanding on the 2004 loan.

He sold an apartment in Donnybrook a month after consenting to a judgment order in 2011, but did not hand the proceeds to the bank, because he was waiting to see what the other investors were going to contribute.

He claims his former business partner has abandoned operations.

He told barrister Bernard Dunleavy: 'I'm a musician, I'm not good with figures, I depend on others and I've been left with a monster of an entity".