Company loses €1.7m to fraudulent bank

[Brendan Burgess]

Firm loses €1.7m after investment went to fraudulent entity

Annaba Unlimited sues its accountant and financial advisers for negligence

www.irishtimes.com

They are suing their accountants and financial advisors for negligence.

 

[Dr Strangelove]

I’d be doing the same.

Seems extraordinary that professional advisers didn’t do basic due diligence for the sums involved.

 

[ClubMan]

I’d be doing the same.

Seems extraordinary that professional advisers didn’t do basic due diligence for the sums involved.

Indeed - seems completely bizarre alright.

This is the Central Bank notice:

Central Bank of Ireland Issues Warning on Unauthorised Firm –Fraudulent entity clones authorised firm RBS Asset Management (Dublin) Limited

It has come to the attention of the Central Bank of Ireland (‘Central Bank’) that a fraudulent entity, calling itself RBS Asset Management (Dublin) Limited, has been operating as an investment firm / investment business firm in the State in the absence of an appropriate authorisation. In this...

www.centralbank.ie