Former billionaire Tony O’Reilly now insolvent

Former billionaire Tony O’Reilly has had a judgment for €22.6m entered against him at the Commercial Court.

Tue, 24 Jun, 2014 - 01:00
Aodhán Ó Faoláin

The court heard yesterday that the businessman was insolvent and has other borrowings of some €195m.

Judgment for other sums that total nearly €23m was also entered in favour of Allied Irish Banks against two of the 78-year-old’s investment vehicles, Indexia Holdings and Brookside Investments Ltd.

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CourtsPlace: Castlemartin, Co KildarePlace: Dublin housePlace: Fitzwilliam SquarePlace: Shorecliffe HousePlace: GlandorePlace: Co CorkPerson: Tony OPerson: ReillyPerson: O’ReillyPerson: Michael CushPerson: Peter KellyOrganisation: Allied Irish BanksOrganisation: Indexia HoldingsOrganisation: Brookside Investments Ltd.Organisation: Independent News & MediaOrganisation: ACC BankOrganisation: AIBOrganisation: Castlemartin
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