Liam Carroll empire set to crumble after court ruling

LIAM Carroll’s construction empire looks set to crumble after the High Court yesterday rejected a second application for an examiner to be appointed to the heavily indebted consortium.

In what could be the first major test for NAMA, seven companies in the Zoe group controlled by the reclusive developer sought court protection to prevent them being liquidated by creditors.

However, Mr Justice Frank Clarke refused the application and severely criticised a number of inaccuracies in an independent accountant’s report by senior KPMG partner, David Wilkinson, that claimed Zoe had a viable future.