The High Court has disqualified a retired senior manager with National Irish Bank from involvement in the management of a company for six years, on grounds of unfitness arising from the findings of the investigation into the 1990s tax evasion scandal in the bank.
Last month, Mr Justice Roderick Murphy ruled that Frank Brennan, of Ardglas in Dundrum in Dublin, should be disqualified as he was part of senior management within the bank who were responsible for ignoring or facilitating tax evasion.
Today, he ruled that the appropriate period of disqualification should be six years. Mr Brennan is the third NIB official to be disqualified arising from the inspectors' report.
Nigel D'Arcy has been disqualified for 10 years while Barry Seymour, former executive director of NIB from 1994 to July, has been disqualified for nine years. Disqualification proceedings are pending against four others, including former NIB chief executive Jim Lacey.
