Bank of Ireland accused of fraud in €14m lending case in Britain

Investor claims bank deceitfully encouraged him to buy properties

Bank of Ireland. Photo: PA

Bank of Ireland has failed to secure a summary judgment in a High Court action against it in the UK, where the bank has been accused of engaging in fraud, through one of its senior employees, to lend millions of pounds to an investor to buy a raft of properties as the global financial crash was underway.

Bank of Ireland had insisted the action was time-barred.

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