THE AIB SHUFFLE

michael_ofarrell_AIB

MR PATRICK QUINN SC for the Tribunal quizzed AIB banker Michael O’Farrell concerning his role, in a transfer of shares to each of two other shareholders in Barkhill Ltd; Tom Gilmartin, a 40% shareholder, gave evidence that this was done without reference to him.

The secret transfer meant that for a brief period of time, AIB had a shareholding in Gilmartin’s company of less than 20% and thus dodged registration with the Companies Registry Office. The bank’s share was subsequently returned to 20%.

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FINE GAEL LADIES GO TO LUNCH

Mary Elliot

“how many developers did you go out with in 1993 Ms. Elliott?”

Fine Gael Councillor Mary Elliot leaving the Tribunal

MS MARY ELLIOTT, a Fine Gael councillor (1985-1993), was questioned by the Tribunal’s Counsel Patricia Dillon SC as to why she neglected to mention to a Fine Gael internal inquiry her meetings with developer Owen O’Callaghan.

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