Lenihan accused of back-flip on AIB

FINANCE Minister Brian Lenihan was yesterday accused of doing a policy back-flip in order to allow AIB to impose an insider as head of the bank.

Labour leader Eamon Gilmore insisted approval for the bank to install the same person in the roles of chairman and chief executive went directly against the previous Government stance on the matter.

Mr Gilmore said the Finance Minister had promised to bring in tough legislation last March to clampdown on crony capitalism but said nothing had happened since.