ODCE boss: ‘Long-running Anglo probes are a success’

Director of corporate enforcement Ian Drennan has hailed as a success his office’s long-running investigation into business practices at the former Anglo Irish Bank.

He is heavily constrained by what he can say regarding the issue with another two Anglo-related court cases pending and the formal sentencing of the bank’s former directors, Pat Whelan and Willie McAteer, not due for another two months.

Mr Drennan said yesterday that while sentencing and convictions are the preserve of a judge and jury, the fact that evidence was brought by the Office of the Director of Corporate Enforcement and the recent cases didn’t collapse reflects well on the criminal justice system and should be deemed a success by the organisation.