Saturday August 8, 2020

Unanswered questions spur IBRC move against Fingleton

Action shows that many of the former executives at the bank may have a case to answer, writes Richard Curran.

31st March, 2012
Michael Fingleton: operated a special bank account to pay money quickly for certain things. Photo: Fran Veale

The move by IBRC to file a plenary summons in the High Court against Michael Fingleton and five other former directors of the Irish Nationwide Building Society is a stark reminder of the number of unanswered questions about how the society ended up costing the taxpayer €5.4 billion.

The decision to file a summons looks like a holding exercise that would allow IBRC to take an action at some point in the future. But given...

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