Carroll owes more than €1.1bn to AIB

OF the €2.8bn in debts accrued by developer Liam Carroll through his 175 companies, more than €1.1bn is owed to Allied Irish Banks.

Net worth statements prepared by the developer put his total debt at between €2.7bn-€2.8bn at the start of the year.

Bank of Scotland is owed €700m and the other €1bn is owed to six other banks.