Allied Irish e-mails found
12 April 2012
CITIBANK has played down a report that one of its employees acted in collusion with Allied Irish Banks' alleged rogue currency trader John Rusnak.
Investigators looking into the fraud, which has cost AIB £482m, are said to have recovered e-mails showing 'clear evidence' that Rusnak had outside help in covering up his losses.
The report suggests that the e-mails were between Rusnak and a dealer at Citibank, America's largest bank.
Parent Citigroup said it has been 'co-operating with AIB' over transactions between the two groups. But a spokeswoman insisted that AIB 'has not raised with us any evidence or allegation of collusion'.
Royal Bank of Scotland is tipped as a buyer of AIB.
