Society launches loans to politicians inquiry

IRISH Nationwide Building Society has launched an investigation into revelations its former chief executive Michael Fingleton fast-tracked loans to Fianna Fáil politicians and European Commissioner Charlie McCreevy.

The society said it took the issues very seriously and wanted to establish the circumstances surrounding the loans themselves and how the information came into the public domain.

“The investigation will focus on the accuracy or otherwise of the allegations made and the issue of client confidentiality.