Report into NIB may face delays

PUBLICATION of the report into the National Irish Bank’s affairs may be delayed, it emerged yesterday.

Tomorrow, NIB and persons implicated in the report will go before Mr Justice Peter Kelly to seek copies of the report.

The report took six years to compile as inspectors delved into allegations of overcharging of customers, the illegal transfer of money from customers' accounts and the Clerical Medical Insurance (CMI) scam that directed the bank's clients towards false non-resident accounts in the Isle of Man to evade tax.