It appears that the alleged fraud being investigated by AIB in Anglo's deposit book is very much the plain vanilla sort: "around €3m of money previously held in Anglo was unaccounted for.
It is believed the sum was stolen from a number of deposit accounts at Anglo by a former official at the disgraced bank.
The Anglo official, who was based in Dublin, is suspected of moving large sums of money between accounts to cover the thefts.
It is suspected he avoided detection by ensuring that funds were available for accounts that matured.
The man at the centre of the allegations has since died ..."
Anglo will probably claim that this is just a rogue actor. However, this raises questions about its supervisory practices and internal controls. The article is available here.
It is believed the sum was stolen from a number of deposit accounts at Anglo by a former official at the disgraced bank.
The Anglo official, who was based in Dublin, is suspected of moving large sums of money between accounts to cover the thefts.
It is suspected he avoided detection by ensuring that funds were available for accounts that matured.
The man at the centre of the allegations has since died ..."
Anglo will probably claim that this is just a rogue actor. However, this raises questions about its supervisory practices and internal controls. The article is available here.
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