Ex-building society chief takes refuge in Spanish bolt hole - National News, Frontpage - Independent.ie
Ex-building society chief takes refuge in Spanish bolt hole - National News, Frontpage - Independent.ie: "FORMER building society boss Michael Fingleton has taken refuge from the banking crisis in a luxury Spanish apartment that his creditors cannot touch.The former Irish Nationwide chief executive, being pursued by Ulster Bank over €13.6m in unpaid loans, has the use of two plush apartments overlooking a golf course in upmarket Marbella, the Irish Independent has learned.
However, the apartments cannot be seized by the bank as they are registered in the name of Mr Fingleton's wife, Eileen, and another relative.
The apartments were bought for a combined total of €1.2m in 2005, Spanish property records reveal."
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