A challenge by Wexford accountant turned property investor Alan Hynes to a disciplinary tribunal into his conduct by the accountancy regulatory body, Carb, was rejected yesterday.

Counsel for Mr Hynes had sought to appeal the tribunal process on a number of grounds. The board’s disciplinary tribunal into the conduct of Mr Hynes was adjourned in January after two members of the tribunal stood down following claims of a conflict of interest. The dismissal of Mr Hynes’s appeal yesterday means a new date will be set for a fresh disciplinary tribunal. Mr Hynes was a director of a group of companies connected to Tuskar Asset Management, which collapsed with debts of €50 million. A number of private investors had invested up to €18 million in the failed company.