Lehihan frustrated no bankers in jail

FINANCE Minister Brian Lenihan has admitted he is “as frustrated as any other citizen” that no senior banker has been jailed over the scandals to have hit the sector.

Speaking on the anniversary of the controversial banking bail-out last year, Mr Lenihan said he found it difficult that “we’re not seeing bankers in jail yet” who participated in concerning financial practices.

However, the senior cabinet member added unlike the US – where disgraced financier Bernie Madoff has been arrested, charged, convicted and imprisoned for investment fraud – the legal framework in Ireland means delays in any potential prosecutions here are unavoidable.