Cowen says Anglo prosecutions must proceed

ANY prosecutions arising from investigations into alleged wrongdoing at Anglo Irish Bank should be “proceeded with ASAP”, Taoiseach Brian Cowen insisted yesterday.

While he made his comments from New York, the Tánaiste, Mary Coughlan, declined to answer questions in the Dáil on speculation that the nationalised bank would need an increase of its state capital from €3.8 billion to €10bn.

Ms Coughlan, who was taking leaders’ questions on behalf of the Taoiseach, was jeered by opposition TDs who said she appeared to believe that Anglo was not yet fully nationalised.