‘Nothing was leaked,’ says AIB

AIB last night denied it acted inappropriately in issuing a statement on May 27 2004 stating several previous key executives had tax issues to be resolved.

In an interview yesterday, former chief executive Tom Mulcahy implied the bank put out the statement to divert pressure away from the foreign exchange scandal engulfing it. He was one of those who put money in an offshore account when he worked for AIB in Britain.

A spokeswoman for AIB bank said she would not comment on the interview given by Mr Mulcahy, in which he stressed he was fully tax compliant.