IL&P director lashes recapitalisation

The newest member of the Irish Life & Permanent has accused the Minister for Finance, Michael Noonan, of acting improperly and trying to get his hands on the company’s profitable insurance business.

Irish Life and Permanent Group Holdings (IL&P) yesterday confirmed the appointment of Piotr Skoczylas as a non-executive director to its board.

A vocal critic of the Government’s recapitalisation of IL&P, Mr Skoczylas took a High Court challenge to the Government’s recapitalisation of the company.