AIB pursues developer for €26 million

ALLIED IRISH BANKS is seeking €26 million from Cork businessman and developer John Fleming, on loans used to buy into a US energy company.

Mr Justice Peter Kelly transferred the case to the Commercial Court yesterday and listed it for Friday for the purpose of having Mr Fleming’s lawyers outline the basis of any defence.

Bill Shipsey SC, for AIB, said the bank does not believe Mr Fleming, who now lives in England, has any defence.