Cotter and Rockett firm sold Portmarnock land at 97 per cent loss

Millionaire property developer Michael Cotter was one of the directors - alongside former AIB private wealth boss John Rockett - in a deal that saw a plot of land in Portmarnock bought in 2006 for €35 million and sold last month to the original owners for €1.2 million - a loss of almost 97 per cent.

Cotter and Rockett, as well as Rockett's former AIB colleague John Wilkinson, were directors of Kanizay, the ...