Govt 'knew of deposit falsely propping up Anglo'

As the Government prepares to discuss two reports into the banking crisis here, new questions are being raised about the handling of a controversial transaction between Irish Life and Permanent and Anglo Irish Bank.

The deposit of €7.45bn falsely propped up Anglo in the run up to its collapse.

In a sworn affadavit, former Chief Executive of Irish Life and Permanent, Denis Casey now claims the Department of Finance, the Financial Regulator and the Central Bank were aware of the transactions before Anglo published their financial results in December 2008.