Bank ‘frustrates’ €4m fraud probe

Bank of Scotland has been frustrating the efforts of a liquidator to uncover a €4m fraud perpetrated against the bank by the Whelan Group, it has been alleged.

Two weeks ago the courts adjourned a hearing in the examiner’s court for a year. In a report issued to the credit committee, the liquidator, Carl Dillon, said that he needs the co-operation of the bank to properly investigate the fraud.

“To date, despite numerous efforts by me to obtain copies of reports or, indeed any relevant information, I have been unsuccessful in my efforts to get co-operation from the bank and their advisers,” he said.