Watchdog’s investigation ‘ongoing’

THE Office of the Director of Corporate Enforcement said yesterday that its investigation into management issues at Anglo Irish Bank — which began late last year — is “ongoing”, but declined to comment on whether the probe had been extended to include other financial institutions.

A spokesperson for the office said: “Our remit covers the entirety of Company Law and covers any breach of company law.”

They said that the investigation was ongoing and could give no indication as to how near it is to completion; nor could they say if it has been widened since the office initially received information from the Financial Regulator regarding directors’ loan dealings at Anglo, before Christmas.