IT IS “quite extraordinary” the chief executive of a licensed bank operating in the state should say he was unaware “very serious wrongdoing” was happening within the bank, it was argued before the High Court yesterday.

At the Beverly Cooper-Flynn libel action trial in the High Court today, two former colleagues at the National Irish Bank have given conflicting accounts of offshore investment schemes.

The Beverly Cooper-Flynn libel trial at the High Court has heard that there was nothing underhand about a clerical medical insurance investment account being identified only by number.