AIB HAS INFORMED the Gardaí of a possible fraud involving the theft of up to €5m from customer accounts taken from a former employee of Anglo Irish Bank.
It is understood that the money may have been taken in small amounts from a number of customer accounts by a former senior executive at Anglo, deposits from which were transferred to AIB in February.
AIB was informed about the potential fraud by a customer who spotted an irregularity in a deposit account.
RTÉ said the senior official may have perpetrated the fraud by moving cash between accounts to ensure that any funds were available for customers whenever they were needed.
RTÉ and newspapers say it is their understanding that the official is now deceased.
AIB said its customers would not suffer any financial loss, and that it would absorb any potential losses itself.
The Garda Bureau of Fraud Investigations is working on the investigation with both Anglo and AIB, and the Central Bank has been informed.
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