A JURY in the murder trial of a property tycoon accused of organising the murder of a Scottish businessman in Australia has been discharged after failing to reach a verdict.

Millionaire Ron Medich is on trial over the murder of his former business partner Michael McGurk, 45, who was originally from Govan and was gunned down outside his home in Sydney on September 3, 2009.

However, after hearing seven weeks of evidence and deliberating for more than a fortnight, Justice Geoffrey Bellew discharged the New South Wales supreme court jury on Thursday morning after they could not reach a unanimous or majority verdict.

Mr Medich, 69-year-old, had denied claims he financed the contract killing of Mr McGurk and directed his former friend Lucky Gattellari to organise the September 2009 shooting.

He also denied intimidating Mr McGurk's widow in August 2010. It is likely he will now face a retrial.