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Tue 06 Jun 2009Nationwide says Carroll liable for €60m debt
ONE OF the State’s largest property developers, Liam Carroll, is being personally sued for €60 million by Irish Nationwide Building Society arising from guarantees over loans made to his company, Aifca Ltd.
Mr Carroll allegedly told former INBS chief executive Michael Fingleton in late 2008 that he could deal with €30 million of the guarantee in 2009 and had also confirmed Allied Irish Bank and Bank of Scotland (Ireland) had the largest exposure arising from his developments.
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