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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Courts Place: Castlemartin, Co Kildare Place: Dublin house Place: Fitzwilliam Square Place: Shorecliffe House Place: Glandore Place: Co Cork Person: Tony O Person: Reilly Person: O’Reilly Person: Michael Cush Person: Peter Kelly Organisation: Allied Irish Banks Organisation: Indexia Holdings Organisation: Brookside Investments Ltd.Organisation: Independent News & Media Organisation: ACC Bank Organisation: AIB Organisation: Castlemartin

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Former billionaire Tony O’Reilly now insolvent

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Former billionaire Tony O’Reilly now insolvent

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