NIB rogue executives may feel the weight of law this year, says enforcer

THE corporate enforcer Paul Appleby will make a decision within the next three months whether to prosecute any of the 19 individuals named in a High Court inspectors’ report into fraud at National Irish Bank.

The Office of the Director of Corporate Enforcement (ODCE) and its legal advisers have been studying the 400-page report since it was released last July. The report by former Supreme Court judge John Blayney and accountant Tom Grace found that executives at the bank were involved in helping customers evade tax and were loading interest and fees on customer accounts.

Mr Appleby’s office has the power to bring criminal or civil charges against any of the former bank executives named in the report, which includes the Mayo TD Beverly Flynn.