Eur 20m Banks Cover-Up ; More Dodgy Directors' Loans Found [Eire Region]
Linked as:
Summary
A DAMNING report by the Financial Regulator has uncovered nearly e20million in loans to directors and connected parties had not been declared over the past three years.
Although it found no evidence directors in the banks were removing or reducing loans at the end of the year to avoid public disclosure, it said directors could no longer be trusted to oversee their own loans.See the full content of this document
Extract
Eur 20m Banks Cover-Up ; More Dodgy Directors' Loans Found [Eire Region]
The flagrant breaches of auditing standards and company law is yet another blow to the already damaged reputation of the banking sector.
Critics last night accused the Regulator of being asleep at the wheel.The institution...See the full content of this document
Sponsored links
