FORMER Smart Telecom boss Oisin Fanning is not a credible person to challenge the October 2006 buyout of the company by businessman Brendan Murtagh, the High Court was told yesterday, as Mr Fanning himself both voted for and benefited from the deal.

FORMER Smart Telecom chief executive Oisin Fanning has claimed at the High Court that businessman Brendan Murtagh threatened in October 2006 to put the company into liquidation unless all the directors not loyal to Mr Murtagh resigned and signed irrevocable proxies supporting his takeover of the company.