8 July 2011 No Comments by The Northern Standard

A former manager of the Irish Nationwide branch in Monaghan has alleged that staff at the bank operated under a “culture of fear” while chief executive Michael Fingleton was at the helm.
Mr Brendan Beggan (48) of Iterara, Scotstown, made the claim at the Employment Appeals Tribunal last week, where he is taking a case of unfair dismissal against the building society.
The tribunal has decided to issue a subpoena compelling Mr Fingleton to address the hearing, in relation to allegations about management practices at the bank while he was in charge.
Mr Beggan, a former Monaghan GAA star, told the tribunal that high-profile sports figures were targeted and hired by the bank, and that staff were encouraged by Fingleton to take out loans and invest in property.
The Monaghan man, who worked with Nationwide since 1996, is the partner of Olivia Greene, who revealed at the end of 2009 that Mr Fingleton had “fast-tracked loans” to a number of high-profile Fianna Fáil politicians, including Monaghan-based senator, Francie O’Brien and former minister for finance and European commissioner, Charlie McCreevy.
It was reported that Mr Beggan, who was dismissed as manager of Irish Nationwide in Monaghan in July 2009, still owes €2 million to the building society in relation to outstanding mortgages for five properties in Co Monaghan, including his home.
Mr Beggan has claimed that he was unfairly dismissed by the society after selling a property and failing to pay back a mortgage for it.
Regarding Mr Fingleton, he told the tribunal: “We were all terrified of the man and what he was capable of. There was a mutual respect.”

Full report in The Northern Standard

Comments are closed.