Bank chiefs ‘covered up’ AIB scandal

KEY executives at AIB covered up the foreign exchange scandal, a report to be published today by the financial services regulator (IFSRA) has found.

The second investigation will disclose that when the mistake on the foreign exchange dealings was discovered, executives prevented the authorities from being informed to protect the bank’s interests.

Those executives found guilty, however, will not be named and shamed in the report, because they have sought legal advice since the second phase of the inquiry began.