Anglo inquiry ‘finished by end of year’

THE Director of Corporate Enforcement Paul Appleby has said that his office’s ongoing investigations into the business practices of Anglo Irish Bank are progressing well and should be completed by the end of this year.

Mr Appleby said in January that a final determination from the investigations was still a long time off.

However, yesterday evening, when addressing a Business Society meeting at National University of Ireland, Galway (NUIG), he said that the Office of the Director of Corporate Enforcement (ODCE) had — just last week — sent another extensive investigation file to the DPP, relating to Anglo’s provision of loans to various parties to enable them to purchase shares in the bank in 2008.