Ex-director at INBS claims agencies trying to ‘ruin’ him
Letters including one from former INBS chief executive Michael Fingleton showed it was apparent to the Central Bank in 2006 and 2007 that the Irish Nationwide board was not monitoring delegation of the board’s powers to Mr Fingleton, yet the Central Bank “did nothing”, John Rogers, counsel for John Stanley Purcell, told the Commercial Court yesterday.
The action brought against Mr Purcell and other INBS directors by the State-owned IBRC arising from the alleged unlawful delegation to Mr Fingleton seemed to have been devised in consultation with the Central Bank, Mr Rogers said.
