Tuesday 23 May 2017

Fingleton still tight-lipped amid €24bn revelations

Luke Byrne

Luke Byrne

FORMER Irish Nationwide CEO Michael Fingleton yesterday refused to apologise in the wake of the revelation that banks will need a further €24bn from taxpayers.

The 73-year-old former building society boss was playing it cool as he prepared to set off from his Shankill mansion in a green Ford Escort driven by his wife yesterday, and with his dogs in the boot.

Wearing dark sunglasses and a colourful cap, Mr Fingleton refused to answer questions from the Irish Independent. Instead, the car was turned around by his wife, who went back into the house. Mr Fingleton sat in the passenger seat for around 40 minutes before returning to the house.

He failed to clarify if and when he would repay the €1m bonus he was given by the bank before he stepped down in April 2009. Although he previously promised that he would repay the amount, he is yet to do so.

"Just get out," Mr Fingleton said when asked whether he had any comment to make.

Irish Nationwide has received €5.4bn from the State to cover losses on a loan book worth €12bn at its peak.

The Moriarty Tribunal found Mr Fingleton met disgraced TD Michael Lowry and "within a matter of days" gave him a IR£200,000 loan for a controversial property purchase.

Irish Independent

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