Monday 19 February 2018

Ex-Permo TSB bank boss on tax defaulters' list

LISTED: Diarmuid Bradley
LISTED: Diarmuid Bradley

Shane Ross

A recent president of the Irish Banking Federation and former deputy chief of Permanent TSB has appeared on the list of tax defaulters.

Diarmuid Bradley, until a few weeks ago also head of the School of Professional Finance at the Institute of Bankers, paid interest and penalties of €16,839, after an investigation into his underdeclared income tax. Mr Bradley, 58, having underdeclared his income tax by €9,422, settled with the taxman for €26,261, including penalties.

The 2006 Irish Banking Federation president also sat on the council of the Foundation for Fiscal Studies alongside the last and current chairmen of the Revenue Commissioners, Frank Daly and Josephine Fehily. The foundation is supported by the Irish Taxation Institute.

Last week, a staff member at the foundation admitted that Mr Bradley had left the council recently but was unable to say exactly when he departed.

It is understood that Mr Bradley also left his post at the Institute of Bankers within the last two months, but before the list of tax defaulters was made public. Other presidents of the Irish Banking Federation in recent years have included former Anglo chairman Sean FitzPatrick, current Bank of Ireland chief executive Richie Boucher and Donal Forde, who stepped down from the AIB board last year.

Before becoming president of the Irish Banking Federation, Mr Bradley had been deputy chief executive of Permanent TSB. Earlier in his career he was involved in the flotation of Irish Permanent on the stock market and was also a fund manager at Allied Irish Banks.

He has been a board member of the Social Finance Foundation, a project set up by Taoiseach Brian Cowen to help initiatives unable to afford bank funding. Mr Bradley is on a list of 88 tax defaulters who settled with the Revenue in the last quarter of 2009 for a cumulative total of €29m.

Sunday Independent

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