The $140 million home of celtic tiger bankrupt

Details of the lavish lifestyle of one of Ireland’s property barons, now broke have been revealed.

According to documents lodged with the Land Registry in France, Barclays Bank loaned former Revenue Inspector-turned-financier Derek Quinlan a total of $90m for his dream home, complete with discotheque and a flower preparation room, on the Cote D'Azur in the French Riviera.

Now,the $140m waterfront home, named the Villa La Carriere, has become a nightmare for the bank, reports the Independent.

The home is now for resale but may only fetch about $ 50 million says property experts.

Source: IrishCentral