Woman settles action against AIB
Doreen Rock, 63, of Woodside, Ballinora, Waterfall, Cork, claimed Allied Irish Bank plc (AIB) told her the investment was guaranteed when she agreed to put the money into a five-year Hibernian Aviva “spectrum bond”, a property investment scheme backed by a number of “blue chip” businesses. It made €9,000 in its first year but is now only worth €40,000, the High Court heard.
Ms Rock claimed that when she agreed to the investment in September, 2006, she made it clear to an AIB financial advisor that the capital sum should be protected.
