Friday July 3, 2020

Central Bank aims to recoup auditor spend on CHC

The Central Bank is exploring ways to recoup money it spent on auditors of Custom House Capital who failed to uncover fraud at the investment manager.

15th June, 2013
Central Bank deputy governor Matthew Elderfield. Photo: Maxwells

The Central Bank is exploring ways to recoup money it spent on auditors of Custom House Capital who failed to uncover fraud at the investment manager.

Central Bank deputy governor Matthew Elderfield made the pledge last Thursday in response to questioning from Shane Ross TD during the regulator's appearance in front of the Public Accounts Committee.

The Central Bank had commissioned several third-party asset reviews and external audits dating back to 2007, but none of...

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