I actually remembered correctly :)
He was alleged to have stolen €300,000 from
Cayman Islands-based Caledonian Bank, though he denied any wrongdoing and stated that he challenged the bank in order to show "how the Cayman Islands are largely used for tax evasion and to launder money".
[7] He reached an out-of-court settlement with the Caledonian Bank in 2014 and has since refused to comment further on the incident, citing a
non-disclosure agreement.
[11]
en.wikipedia.org
Edit: from memory again I think the bank was later closed down as they were being used for money laundering. Just as well as no PL teams use a Caymans Isle bank as it would look very dodgy indeed.