AIB executives refute allegations

ALLIED Irish Banks lawyers told the High Court yesterday that senior bank executives strongly refute allegations by another executive, Séamus Sheerin, that he is being scapegoated for the failures of others in connection with the foreign exchange overcharging scandal in the bank.

The court heard that Aidan McKeon, a director of AIB and now managing director of AIB Group UK, entirely rejected claims by Mr Sheerin, former general manager of AIB’s strategic development unit, that Mr McKeon had instigated the overcharging measures.

Mr McKeon conducted a disciplinary hearing into allegations against Mr Sheerin, which concluded with a recommendation that Mr Sheerin be dismissed.