Former bank manager 'held in fraud investigation'

A former manager at the Newry branch of First Trust bank is reportedly being questioned in connection with a police investigation into alleged fraud and money laundering.

The BBC says the man and his wife were arrested in Silverbridge, Co Armagh, on Tuesday.

Another 52-year-old man was also detained in Keady, Co Armagh, as part of the investigation.

The arrests reportedly follow a 16-month investigation by the PSNI's Organised Crime Branch.

As part of the investigation, PSNI officers and gardaí seized a large amount of documents and equipment during raids on properties in Armagh, Tyrone, Monaghan and Louth.