Aer Lingus Chairman to resign

Chairman of Ireland’s state air carrier resigns
DUBLIN (AFP) – The chairman of Ireland’s state carrier Aer Lingus, Tom Mulcahy, resigned after a scandal involving tax evasion at the country’s biggest financial institution, Allied Irish Bank (AIB).

Mulcahy, who was appointed chairman in 2001, was widely named in the media on Saturday in connection with a scandal involving tax evasion and “inappropriate” and “unacceptable” behaviour in an AIB investment subsidiary.

Mulcahy, who resigned in a letter to Transport Minister Seamus Brennan, said he was “tax compliant” and had no knowledge of a British Virgin Island company, Faldor Ltd, at the centre of the AIB scandal.