Bank to sell O’Reilly assets to pay debt

The estate that is the jewel in former billionaire Tony O’Reilly’s crown, which includes the graveyard where his parents lie, is free to be sold by AIB to help pay a €22.6m debt.

The High Court told an insolvent Mr O’Reilly that he could not enjoy a six-month reprieve from a judgment registered against him on Monday.

This means the bank can now move against his assets, including his prized 750-acre Castlemartin estate and stud farm in Kildare.