Very strange goings on at Irish Nationwide Building Society (Irish Independent).
Apparently, Noel Harrington a branch manager in Limerick, was asked to step aside while an independent inquiry was conducted into the way he handled his own loans and those of a property developer with borrowings of €36 million.
Yet, Mr. Harrington faces no allegations, is on full pay and is not regarded by his employer as being under suspicion.
The independent inquiry into non allegations that Mr. Harrington’s employers have no suspicions about apparently concerns a substantial €1.2 million difference in a redemption fee, in other words, €1.2 million has gone astray somewhere.
And who is conducting this ‘independent’ inquiry, is it someone inside the Society? Is this not a matter for the Financial Regulator or the Garda Fraud Squad or did the Financial Regulator tell the Society – go away and hire a private investigator, we have enough on our plate already.