Banker was ‘not efficient’, fraud trial told

A former AIB employee who worked closely with Achilleas Kallakis was not acting as efficiently as the bank wanted, jurors at Southwark crown court heard in London.

Kallakis and Alexander Williams are accused of more than £60m (€75m) fraud against AlB and Bank of Scotland. Both have pleaded not guilty to 23 counts.

Taking to the stand on day 11 of the retrial, David McWilliam, former head of corporate banking for AIB in the UK, admitted there were some concerns about the bank’s exposure, which the prosecution referred to as “ever enlarging”.