Anglo probe intensifies amid fresh revelations

INVESTIGATIONS into the scandal-racked Anglo Irish Bank intensified yesterday over new revelations the bank got billions of euro of deposits from Irish Life & Permanent just before its year end on September 30, 2008.

Government-appointed directors in Anglo are investigating how several billion in deposits from Irish Life & Permanent found their way into Anglo before the end of its financial year.

Just how those deposits affected the accounts at Anglo Irish is the subject of a major investigation by the financial regulator and independent directors of the bank.