Lender rejects TV claims it liquidised viable firms
BY MARGARET CANNING – 15 MAY 2014
Ulster Bank has said it “strongly refutes” allegations in a BBC Spotlight programme that it put viable companies into a restructuring division to make profit.
However, BBC NI said it “stands by” its journalism in Tuesday night’s broadcast, which interviewed property developers Brian Polly and Michael Taggart – who is in a prolonged legal battle with his former funders.
The BBC said it had taken “great efforts” to represent Ulster Bank’s views in the programme, which also featured businessman Lawrence Tomlinson.