AIB executives 'acted in clandestine manner', court told

Several former senior executives with an AIB subsidiary acted in "a deliberate, clandestine and unlawful manner" by secretly scheming to take over its international financial services business, the High Court has heard.

AIB claims the executives were behind a management buyout offer for AIB International Financial Services (IFS). When AIB decided last June to sell the business to another group, Capita, the six along with a rival business tried to take over the clients, business and staff of IFS, the bank alleges.