BANK EX-CHIEF INTERNAL AUDITOR RAILS AGAINST OVERCHARGING SCANDAL
March 1st, 2009
BY SYMON ROSS
IRELAND'S largest bank Allied Irish Banks (AIB) has been accused of major accounting deficiencies by its former chief internal auditor, who has also attached the performance of the Irish Financial Regulator. In testimony to the Oireachtas [Irish parliament] joint committee on economic regulatory affairs this week (NOTE - TUESDAY) Eugene McErlean - the AIB group internal auditor from 1997 to 2002 - alleged years of overcharging of customers by managers under pressure to meet targets.
"An example that sticks in my mind is one in which a manager ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.