ODCE: Decision on Anglo ‘a long time off’

THE Office of the Director of Corporate Enforcement (ODCE) has said that a final determination from the ongoing investigations into the business practices of Anglo Irish Bank is still a long time off, as more information is due to be given to the Director of Public Prosecutions on the matter.

In his end of year statement, published last night, the Director of Corporate Enforcement, Paul Appleby, said that “substantial progress” had been made in 2010 on the Anglo investigation and that the issue absorbed more of the office’s resources than any other matter.

“By the end of the year, we had sent a large amount of documentation to the DPP on four aspects of our investigations.