AIB takes case against 6 of its senior executives

SIX senior AIB executives conspired to undermine and damage the bank’s international financial services section for their own gain, the High Court has heard.

The court was told they plotted to take over clients, business and staff of International Financial Services (IFS), which the bank had put up for sale as part of its retrenchment and capitalisation.

Michael McDowell, senior counsel for the bank, told Mr Justice Barry White that following an internal investigation, the bank had been shocked and astounded at the conduct of “the six” top managers.