Fingleton’s €1m to charity proposal rejected

CABINET ministers have rejected the suggestion by former Irish Nationwide boss Michael Fingleton that he give his controversial €1 million bonus to charity rather than return it to the building society.

Mr Fingleton insists that the €1m sum, which was paid out after the Government guaranteed the troubled institution, was a “contractual payment” rather than a bonus.

Although he had indicated in the past that he was prepared to give the money back to Irish Nationwide, provided certain conditions were met, he has so far failed to do so.