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A financial adviser has described as "outrageous" suggestions that he withdrew from an alleged partnership to develop a €3.3 million hotel and fishing lodges in Co Mayo to "save face" because a contractor of his choice had failed to secure the contract for the development.

Mr Enda Hunston also told the High Court it was "outrageous" to suggest he had invested "tens of millions" in the UK for the contractor in question, Mr Bernard Mitchell, of the firm Mitchell O'Grady Construction, and that the Co Mayo contract was to be a "payback". He denied he had told an engineer that he had promised the contract to Mitchell O'Grady.