The case alleges that Michael Fingleton Sr negligently mismanaged INBS and engaged in property 'gambles' with high-net-worth individuals

Michael Fingleton (87), who cannot give evidence due to ill-health, joined the building lender in 1971 and retired in 2009 - he held the roles of both managing director and chief executive in that time.

There are "black holes after black holes" in the €250 million damages case against former head of Irish Nationwide Building Society boss Michael Fingleton, his lawyer has told the High Court

Case against former INBS chief Michael Fingleton alleges he negligently mismanaged the building society (INBS) and engaged in property "gambles" with high net-worth individuals in an informal and speculative manner

On Thursday Lyndon MacCann SC, for IBRC's liquidators, in opening the case, said INBS operated on a speculation that property could only "go up, and up, and up, and up"

Former solicitor Michael Lynn was introduced to Bank of Scotland Ireland by Michael Fingleton, the chairman of Irish Nationwide Building Society, his defence counsel has told his multi-million-euro theft trial