2 jailed for defrauding AIB and BoS

folan

http://www.bbc.co.uk/news/business-21057288

Another lovely example of how stupid and careless an Irish bank was! how can the senior management claim anything but criminal neglect when this type of thing was allowed to go unchecked, and more worryingly, how much more of this went on?

cantdecide

I read the news today, oh boy

staker

They gotgreedy with the boat scam,shudda pegged it with the £61m while they had the chance.

Kristopherus

folan wrote: »

http://www.bbc.co.uk/news/business-21057288

Another lovely example of how stupid and careless an Irish bank was! how can the senior management claim anything but criminal neglect when this type of thing was allowed to go unchecked, and more worryingly, how much more of this went on?

Thats a lovely seat you have on the ditch:D. How do you know that you would'nt have acted in the same way if you were in the bank staff's shoes?:rolleyes:

folan

Kristopherus wrote: »

Thats a lovely seat you have on the ditch:D. How do you know that you would'nt have acted in the same way if you were in the bank staff's shoes?:rolleyes:

probably would have paid attention to

BBC NEWS wrote:

"Indeed the latter bank was given clear and precise warnings by its lawyers about the risks of accepting assurances in a letter from an alleged co-conspirator, a Swiss lawyer.

"It almost beggars belief senior management chose to disregard that warning and rushed to complete the deal at all costs.

Death and Taxes

folan wrote: »

http://www.bbc.co.uk/news/business-21057288

Another lovely example of how stupid and careless an Irish bank was! how can the senior management claim anything but criminal neglect when this type of thing was allowed to go unchecked, and more worryingly, how much more of this went on?

Since when has bank of Scotland been an "Irish Bank"?

Oops , sorry Op did I just upset your agenda?:rolleyes:

folan

WileyCoyote (Accelleratii Incredibus!) wrote: »

Since when has bank of Scotland been an "Irish Bank"?

Oops , sorry Op did I just upset your agenda?:rolleyes:

BBC NEWS wrote:

Two men from London have been sent to jail after being found guilty of defrauding two banks, Allied Irish Banks and Bank of Scotland, of £61m.

never mind

Doc Ruby

The banks knew full well they could do what they liked, I mean they have everyone's money. If they collapse, the ATMs stop working. Some jumped up solicitor in charge of the economy isn't going to know enough to refuse them when they come looking for the bailout, even if he was from "a good family".

Big C

Cant believe more not being said about this, 4th story on bbc news, watching rte news, 6.30 still no mention of how one of our main banks was conned out of 700 hundred million, are the staff involved in this still working or retired ? Ah sure didn't we all make mistakes, my mistake cost me €2 for petrol going to the polling booth, was this aib's biggest mistake or have they better ones hidden behind the radiator.
I really do dispair for our country. Onto the sports now on rte news but still no mention of AIB,

MadsL

But, but, but property always goes up in price....

Big C

Tell that to all the people in neg equity with the banks giving the grief, do yacht's, private jets, holidays in Muritius go up in value too ? ps which bank do u work for

keith16

Big C wrote: »

Tell that to all the people in neg equity with the banks giving the grief, do yacht's, private jets, holidays in Muritius go up in value too ? ps which bank do u work for

WHOOOSH!