Banking scandals - Protect those who expose fraud
Has our much vaunted independence come to this, that Irish people must look to a British organisation for protection?
In recent years AIB's involvement in a whole series of scandals has been exposed. It was ripping off the State and its own customers. It has given a new meaning to the term bank robbery. AIB defrauded the Revenue by facilitating income tax evasion and engaging in evasion of DIRT through bogus non-resident accounts. As a result the bank had to pay the Revenue Commissioners €114 million, the largest payment of its kind in the history of the State.