An article published in the edition of January 18th 2010 referred to James White and his departure from AIB’s corporate banking team in London in the context of a serious property fraud allegedly perpetrated in AIB by Achilleas Kallakis.

We accept that James White had no involvement whatsoever with Mr Kallakis, the management of the Kallakis property portfolio in AIB or any alleged fraud committed in AIB or elsewhere. We are happy to confirm that the departure of James White from AIB was entirely unconnected to these matters and that James White was headhunted from AIB by his current employer.

We unreservedly apologise to James White for the embarrassment and distress caused to him by this article.