THE High Court has been asked to bar former National Irish Bank (NIB) chief executive Jim Lacey from involvement in any company.

TWO former senior managers with National Irish Bank have been disqualified from involvement in the management of a company on grounds of unfitness arising from the investigation into the 1990s tax evasion scandal.

A FORMER executive director of National Irish Bank, Barry Seymour, told the inspectors who investigated the affairs of NIB that he believed non-compliance problems within the bank related were “an industry-wide problem” with other banks similarly affected, the High Court heard yesterday.

THE director of corporate enforcement says criminal prosecutions against the 19 individuals named in the inspectors' report into tax evasion and overcharging at National Irish Bank are unlikely.