Third senior NIB official disqualified after investigation into tax scandal

A RETIRED senior manager with National Irish Bank was yesterday disqualified by the High Court for six years from involvement in the management of a company on grounds of unfitness arising out of the findings of an investigation into the tax evasion scandal at the bank in the 1990s.

Mr Justice Roderick Murphy said six years disqualification was the “appropriate period” for Frank Brennan, of Ardglas, Dundrum, Dublin, who is the third senior NIB official to be disqualified arising from applications by the Director of Corporate Enforcement in the wake of an investigation.

An inspectors’ report following that investigation made findings of improper practices in NIB and National Irish Bank Financial Services Ltd. Two other NIB officials — Nigel D’Arcy, and Barry Seymour — were disqualified for 10 years and nine years respectively.