Inquiry into bank manager’s handling of developer’s accounts put on hold

AN INVESTIGATION into an Irish Nationwide Building Society (INBS) manager’s handling of the accounts of a property developer is to remain on hold until next week, the High Court heard yesterday.

Noel Harrington, manager of the INBS branch at Cruise’s Street, Limerick, has been suspended on pay and has brought court proceedings seeking to lift that suspension and halt the investigation. He claims approval was given at INBS head office for the accounts of the developer.

Mr Harrington, of the Hermitage, Mill Road, Corbally, Limerick, claims he has not been told of the investigation’s terms of reference, although it has been going on for six months.