Police in London have now taken up the investigation of an incidence of overcharging by State Street, the custodian bank and investment manager, that cost the National Treasury Management Agency (NTMA) €3.2 million in 2011.
The incident, which NTMA chief executive John Corrigan said was a "fraudulent act", involved the charging of excess commission on the disposal of billions in assets in the National Pension Reserve Fund to help recapitalise the banking sector as part of...
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