The purported guarantees from a Hong Kong developer was “significant”, AIB said, in fuelling its decision to loan money to property tycoon Achilleas Kallakis and Alexander Williams.

AIB was duped using “dishonest means” into lending £740m (€922m) to London property tycoon Achilleas Kallakis and his business partner Alexander Williams, jurors heard at Southwark Crown Court, London.

A man who has spent 26 years in prison protesting his innocence of murder today had his conviction dramatically quashed by the Court of Appeal in the UK.