Ministers join chorus of criticism as pressure mounts on Neary to resign

THERE is growing pressure on the Financial Regulator, Patrick Neary, to consider his position after several senior Government ministers voiced criticism over his handling of the banking scandal over the weekend.

Serious questions have been raised over how the controversy surrounding an €87 million loan concealed by former Anglo Irish Bank chairman Seán FitzPatrick only came to light in the past week.

It appears that Mr Neary was aware of Mr FitzPatrick’s secret loan with Anglo Irish since last January, but failed to pass on the information to the Department of Finance.