Former top Anglo employees who refuse to hand over computer passwords should be sued, it was claimed today.

THE €169 million loan from Anglo Irish Bank to fund Seán Quinn’s 15% purchase of its shares in 2008, which is the subject of a criminal investigation, was not formally approved by the Financial Regulator.

The Director of Corporate Enforcement Paul Appleby says it will be several months before his investigation into Anglo Irish Bank is complete.

More than ten of the country's wealthiest individuals are being targeted by the Director of Corporate Enforcement.

THE Office of the Director of Corporate Enforcement has confirmed it is seeking to have two of the country’s most controversial property developers barred from being actively involved in the running of their business.

Up to 21 company bosses have been disqualified as a direct result of legal proceedings taken by the State's Industry Watchdog, according to the Director of Corporate Enforcement end-of-year statement for 2005.

The Director of Corporate Enforcement has published guidelines to help company directors comply with new legal obligations.

AUDITORS have already blown the whistle on 30 companies suspected of breaking the law in their accounting practices.