Cork woman sues AIB after investment goes wrong

A Co Cork woman is suing AIB for damages claiming the bank’s bad advice resulted in her losing €60,000 in an investment.

Hospital housekeeper Doreen Rock of Ballinora, Waterfall says she was persuaded to invest in a bond scheme when she had made it clear she wanted a risk-free investment.

Doreen Rock has told the court she took it for granted everything was "above board" when she signed up to a bond investment with AIB.

She claims she had made it known to the bank at all times that she wanted a risk-free investment and had turned down an earlier offer to move her money from a low-yielding deposit account.

She said it was only when she met with bank staff that she was persuaded to invest €100,000 in the Hibernian aviva spectrum bond scheme, which resulted in losses of €60,000.

She claims she was subject to undue influence and was improperly advised by AIB.

In reply, the bank said Doreen Rock signed a form saying she understood the nature of the investment which satisfied them that she knew what she was doing.