Doherty hits out at individual bankers over tracker mortgage scandal

A Donegal TD says individual bankers need to be held responsible for the tracker mortgage scandal.

In December the governor of the Irish Central Bank told the finance committee of Dáil Éireann that as many as 15,000 Irish borrowers may have been overcharged by their banks.

Reportedly this occurred when these borrowers were wrongly denied access to the tracker mortgage interest rates to which they were entitled.

Sinn Fein TD Pearse Doherty has called it one of the biggest financial scandals in recent times and described it as a massive theft

He says until there is individual accountability instead of a fine issued to the various institutes by Central Bank then the practice will continue.

Speaking to Ocean FM the Sinn Fein finance spokesperson said the government’s approach to the scandal is all wrong.