Man loses AIB action over loans to Killally

A businessman who loaned €346,000 to former Offaly Fianna Fail councillor Ger Killally has no case against the bank which handled the monies, the High Court has ruled.

Joseph Delaney, from Edenderry, Co Offaly, had sued AIB claiming it failed in its duty of care to him when dealing with transactions involving money he loaned to Mr Killally who was later declared bankrupt.

Mr Justice Brian Cregan said it appeared Mr Delaney had been “cruelly treated” by Mr Killally but ruled his case against AIB and against two bank-appointed receivers over property he had leased from Mr Killally should be dismissed because it was “doomed to failure as a matter of fact”.