AIB suspends top official as overcharging crisis deepens

THE AIB overcharging scandal deepened last night after it emerged the bank suspended a senior official on full pay.

The official, who is not a member of the AIB board, was suspended pending the outcome of an independent investigation into the overcharging of customers.

The bank also lodged E25 million in an account with the Central Bank to cover repayments. However, this figure may have to be revised upwards after an extensive trawl of foreign exchange dealings by the bank’s own audit staff and a team of investigators from the Irish Financial Services Regulatory Authority (IFSRA).