Garda and Interpol launch hunt for ex-AIB manager

A JOINT Garda/Interpol hunt is under way for a former AIB investment manager from Cork who is wanted in relation to the disappearance of over €2 million in clients’ funds and who it is believed may be living in Spain under an assumed identity.

Kieran Ashcroft, who is in his late 40s and who was living in Courtmacsherry, Co Cork, worked at the AIB in Mallow and was dismissed by the bank following an internal investigation in 2002.

Following a subsequent inquiry, the Garda Fraud Squad identified 15 people from Cork city and county who had given various sums of money to Mr Ashcroft — amounting to a total of over €2m — and that the money was never invested on their behalf.