Fraudster and former Celtic Tiger property developer Conor Clarkson declared bankrupt with debts of more than €56m

Conor Clarkson (pictured with his 2005 Cheltenham Gold Cup winner Kicking King) was adjudicated bankrupt after a petition from Gradual Investments Ltd, which said it was owed almost €590,000.  Photo: Mike Finn-Kelcey

A convicted fraudster, who was a well-known property developer and racehorse owner during the Celtic Tiger era, has been declared bankrupt with debts of more than €56m.

Conor Clarkson (61) was adjudicated bankrupt by the High Court following a petition from Gradual Investments Limited, which said it was owed almost €590,000 by the businessman.