Michael Fingleton, former CEO of Irish Nationwide Building Society, pictured in 2015. Photo: Tom Burke
Former Irish Nationwide Building Society (INBS) boss Michael Fingleton engaged in “cart before the horse” and “solo run” lending and approved millions in loans for a failed casino in the south of France and the development of a hospital site in Wales that saw “massive” losses before ever bringing them before the board for sanction, the High Court has heard.
The civil case against Mr Fingleton is in its third day before the court where it has been alleged that he negligently mismanaged the building society and engaged in property “gambles” with high net-worth individuals in an informal and speculative manner.
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