Developer Liam Carroll has secured additional funding facilities from Bank of Scotland (Ireland) in recent weeks, industry sources have told the Sunday Tribune.

The developer, who owns thousands of apartments and the 400-acre Cherrywood site in south Dublin, regularly uses the bank or its rival AIB to fund his developments.

Bank of Scotland (Ireland) also acted as the security trustee – which holds securities on behalf of creditors – when Carroll's Dunloe Ewart agreed a finance deal in December 2005. Next month Dunloe Ewart is due to appear in court in relation to a dispute with the company's former executive chairman Noel Smyth.

Carroll has lost millions from stockmarket investments in recent years. One company, Bloomburg, lost €75m in less than two years on Irish stockmarket investments. Carroll spent about €170m acquiring 21.57% in Greencore in 2006 and subsequently increased his stake to 29.5%.

That stake was worth €41.7m on Friday.