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Fri 01 Jan 2011Couple sued by Bank of Ireland owe €886m
SOLICITOR AND property investor Brian O’Donnell and his wife owe €457 million to investment bank Morgan Stanley and €235 million to German property bank Aareal among their total borrowings of €886 million, according to a statement of affairs submitted in court.
The O’Donnells, who are being sued by Bank of Ireland for €69.5 million over unpaid property loans and guarantees, have valued their assets at €1.089 billion. All but €1.9 million relates to property.
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