THE AIB SHUFFLE

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%.

FINE GAEL LADIES GO TO LUNCH

	“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.