Report on tax evasion claims due later in year

THE findings of the final reports into how AIB overcharged customers for eight years and the allegations of tax evasion by former executives will not be known until later this year.

The Irish Financial Services Regulatory Authority (IFSRA) said it had concluded its report into how many customers were affected by overcharging, but was still investigating allegations that top executives engaged in tax evasion and benefited from improper deal allocations.

It confirmed the Revenue Commissioners and the Office of the Director of Corporate Enforcement were probing the allegation former executives benefited from investing in an offshore company called Faldor.