IBRC secures €16m judgment against Breifne O’Brien

The Irish Bank Resolution Corporation has secured judgment for €16.2m against jailed businessman Breifne O’Brien.

High Court president Nicholas Kearns yesterday said the State-owned bank, formed following the merger between Anglo Irish Bank and Irish Nationwide Building Society, was entitled to summary judgment of the amount it sought against O’Brien.

He is serving a seven-year prison sentence for running a Ponzi scheme that cost his victims millions of euro.