US insurance firm, Fairfax has defended its Dublin operations - nSpire Re - amid claims that it was involved in fraud, according to reports.
The Irish Times said Fairfax is suing a Wall Street hedge fund that made the claims that nSpire Re was being used to fraudulently add an extra $500m to the dividends of its US parent company.
In legal documents lodged in court, Fairfax claims that investigators working for the hedge fund managers harassed and threatened its Irish legal counsel and stalked its US executives.
A Fairfax spokesman also said that a former analyst who conducted a major investigation into nSpire Re, has been charged with four counts of wire fraud in an unrelated case, a claim confirmed by the US attorney's office in New York.
NSpire Re chief operating officer John Casey, said the allegations were "nothing we haven't seen before".
