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Saturday 30 August 2014

AIB head backdated memo, court told

Published 06/10/2012 | 05:00

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One of the heads at Allied Irish Banks backdated important documents amid fears that they had been the victims of a £750m (€930m) con, a court in London heard yesterday. Stuart Muldowney, who worked in Allied Irish Bank's property team, was said to have backdated notes relating to transactions between AIB and Achilleas Kallakis and Alexander Williams, both of whom are on trial for fraud. He was said by Mr Kallakis's lawyer to have written a memo detailing a crucial meeting with a representative of Mr Kallakis's and Mr Williams's alleged guarantor SHKP, Jonathan Lee, in September 2008, 18 months after it had taken place. However, Mr Williams insists that the note of the meeting with Mr Lee was not written in a way that suggested it had been taken at the time.

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Irish Independent

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