AIB case against own executives

A HIGH Court action by AIB against six senior executives accused of secretly scheming to take over the clients, business and staff of the bank’s international financial services business for their own gain has been adjourned until next week.

The bank alleges the six executives were behind a management buyout offer for AIB International Financial Services (IFS).

It alleges they turned to “Plan B” by setting up a rival business to take over the clients, business and staff of IFS when AIB decided to sell the business to Capita in June.