Independent Media Centre Ireland     http://www.indymedia.ie

AIB bankrolled clerical abuse

category international | crime and justice | other press author Wednesday August 24, 2011 23:51author by No. 35

According to an article in the Daily Mail the Allied Irish Bank gave "loans, guarantees and lines of credit" to the catholic church to enable them to pay more than $400m of compensation to victims of sexual abuse by catholic priests.

The funds were given specifically to pay clerical abuse victims. In US legal circles AIB has now been nicknamed the "Vatican's banking arm"
Article at-

Related Link: http://www.dailymail.co.uk/news/article-2028424/Catholic-church-used-400m-Irish-bank-loans-pay-U-S-sexual-abuse-victims.html

http://www.indymedia.ie/article/100401

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