Tuesday, 2 March 2020
AIB and fraud
Two men have now been charged with one of the UK's biggest property frauds which saw Allied Irish Banks lose st£56 million. Achilleas Kollakis persuaded the bankers he was a big player in the property market. He got loans thanks to having blue-chip tenants for various properties (such as UK government agencies.) The claims were fake or exaggerated. Read the press release from the Serious Fraud Office here and follow the links through a previous post for more information on Kollakis' colourful life.