Presbyterian case put back

Disqualification proceedings against six directors in the collapsed Presbyterian Mutual Society have been put back until September…

Disqualification proceedings against six directors in the collapsed Presbyterian Mutual Society have been put back until September. The High Court case was brought by the Department of Enterprise, Trade and Investment.

Nearly 10,000 savers across Northern Ireland lost access to their money when the Society went into administration in 2008 following a run on its funds.

Since then a £226 million rescue package has been put together by the UK government and NI Executive.