Former NIB finance chief opposes disqualification order bid
The director is seeking the order, under Section 160 of the Companies Act, against Patrick Byrne, who was head of finance with NIB from 1994 to 1998, arising from findings adverse to Mr Byrne contained in the report of the inspectors who investigated the tax evasion scandal in the bank in the 1990s.
Mr Byrne, of St Helen’s Road, Booterstown, Co Dublin, contends such an order is “entirely unreasonable” in his case and he has disputed the findings of the inspectors in his case, including that he shared responsibility for failures within the bank to uphold a culture of compliance, to comply with DIRT legislation and to address the bank’s retrospective liability to the Revenue.
