An inquiry into alleged regulatory breaches at now-defunct Irish Nationwide Building Society (INBS) has been unable to resume hearings since the summer due to the ill health of the lender’s former managing director, Michael Fingleton. Mr Fingleton is one of four former INBS executives subject to the inquiry into seven alleged contraventions at the lender between August 2004 and September 2008. “However the matter is being kept under constant review, and the work of the inquiry is continuing.”The spokeswoman declined to identify the individual, whom sources have named as Mr Fingleton. Mr Fingleton did not respond to efforts from The Irish Times to secure comment from him. Hearings had been delayed earlier this year for a number of weeks as Mr Fingleton, who turned 80 in January, went through a period of ill health.

Source: The Irish Times October 19, 2018 16:06 UTC