Transaction believed to be worth in region of €50m
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Businessman Breifne O’Brien appeared in court today charged with the theft of more than €11m.
O’Brien, with an address in Monkstown, Co Dublin, faces 38 charges in total.
He pleaded ‘not guilty’ to each.
He is accused of operating an investor fraud, which stole more than €11m from five alleged victims.
The charges are reportedly the result of an investigation into allegations of deception over a collapsed investment scheme.
O'Brien's mother agreed to pay a bail bond of €10,000 and he will appear again in court in November to receive the book of evidence.
He surrendered his passport to the Gardaí and undertook not to apply for a duplicate one.