Michael Fingleton, former managing director of the now defunct Irish Nationwide Building Society, leaving the the inquiry investigating the governance of the lender in the lead-up to its winding-up in 2011.
Mr Fingleton described the inquiry as an “artificially trumped up case” and said both the regulator and, previously, the financial regulator had full details and knowledge of the activity of INBS at all times, including its commercial lending programme.
[From top: Campaigners outside Leinster House; Labour TD Arthur Spring and David Hall, of Irish Mortgage Holders; from left: Joe Duggan with Independent TDs Mattie McGrath and Stephen Donnelly]
A protest outside Leinster House this afternoon as inside an Oireachtas Finance, Public Expenditure and Reform committee decided the fate of IBRC (formerly Anglo Irish Bank and Nationwide) mortgage holders.
“Yesterday the liquidators said they had reached agreement with bidders for the mortgages to uphold the code of conduct which protects mortgage holders in arrears. However, today liquidator Kieran Wallace said there was no written agreement with bidders. He also agreed the deal had no legal standing.