AIB INVESTIGATES LOAN GUARANTEE MADE BY CLIFDEN MANAGER

Date Published: 06-Sep-2009

Allied Irish Banks, AIB, is investigating a manager at its branch in Clifden following revelations that he issued a multi-million euro loan guarantee to his own business partnership.Declan Maher issued a letter in 2005 stating that AIB would be "agreeable" to advance BMB Partnership 60 million U.S dollars to complete the purchase of 100 villas in Florida.According to weekend newspaper reports, BMB Partnership comprises Declan Maher, accountant Kevin Barry and Kevin Barry's father.AIB says the matter is currently being "investigated".