23/01/2004

Jail terms for bank workers who failed to burn notes

Three Ulster Bank messengers who made off with hundreds of thousands of pounds worth of used bank notes earmarked for incineration were jailed today.

Jailing each of the three men for two-and-a-half years, Lord Chief Justice Sir Brian Kerr criticised the Ulster Bank for its "lax procedures," but said that this did not excuse the men's "serious breach of trust".

The three men were charged with stealing just over £770,000 from the Ulster Bank's incinerator facility in its former Waring Street headquarters between November 2001 and February 2003.

It is understood that the bulk of the stolen money was recovered.

(SP)

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