An Irish man has been arrested in Italy for allegedly stealing $10 million from the Bank of Ireland and hiding it in sandals.
The man, who is in his 50s, is suspected of stealing from two banks in the central Italian town of Viterbo.
He was detained by Italian authorities and will be extradited to the US.
The bank’s board of directors is to meet on Monday to discuss the incident.
In an interview with The Irish News, Mr O’Brien, of a Dublin firm called O’Boyle’s, said he has been in the country for 18 months and had been working on a project to build a new building on the site of the old Irish bank.
“The project was to create an office complex and a shopping centre in Viterbias,” he said.
Mr O’Meara said he did not want to comment on the story but that he had been travelling to the country since January.
Viterbo is one of the most deprived areas of Italy and is often described as a “ghetto” for its low population density.
It is home to a large migrant population.
In January, two of the banks had been raided and searched by the FBI.