Director in 'bid to reopen NIB inquiry'

THE Director of Corporate Enforcement is seeking documents from the inspectors who investigated the National Irish Bank tax evasion scandal of the 1990s.

This is in realtion to a bid to "reopen" the investigation and "turn it into some sort of Phase Two inquisition", it was claimed before the High Court yesterday.

Michael Collins SC, for former NIB executive director Barry Seymour and former NIB head of finance Patrick Byrne, was making submissions opposing an application by the Director to procure, under Section 12 of the Companies Act, certain documents from the inspectors who investigated the affairs of NIB.