Building society manager fails in court bid to block probe into his borrowings

A BUILDING society manager has lost a High Court bid to prevent an inquiry into his conduct over his own borrowings from his employer and over his handling of the €36 million accounts of a property developer.

Noel Harrington, manager of the Irish Nationwide Building Society (INBS) branch at Cruise’s Street, Limerick, also failed to get an order restoring him to his position after he was asked to step aside on January 26 last, following the appointment of an independent investigator into his conduct.

Yesterday, Mr Justice Garret Sheehan rejected his application for an injunction seeking to restore him to his position and for an order halting the inquiry until it is constituted with his consent and subject to his entitlements.