Anglo Offered Loans for Shares to Its Borrowers [Eire Region]

Summary


CUSTOMERS looking for loans from Anglo Irish Bank were offered extra cash to invest in the bank's stock, the Irish Mail on Sunday can reveal.

Borrowers who approached the bank were offered more money than they had originally requested, if they spent the money on Anglo shares.

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Extract


Anglo Offered Loans for Shares to Its Borrowers [Eire Region]

The irregular deals were pitched to business people as a no-lose sweetheart offer and in return clients were also given the extra bonus of 100pc loans.

Sources clos...

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