AIB official in €2m fraud probe

AN ex-bank official has been arrested by garda fraud squad officers investigating claims that customers of Allied Irish Bank were cheated out of almost €2 million.

AIB confirmed the man at the centre of the garda inquiry was formerly employed at an AIB branch in Cork county.

The man, arrested under section four of the Criminal Justice Act by fraud officers from Cork, was released without charge after being held for 12 hours.