Anglo Irish Bank ‘infiltrated’ Dublin docklands scheme

ANGLO Irish Bank “infiltrated” the Dublin Docklands Development Authority (DDDA) leading to a pro-developer culture and potentially influencing decisions on buying land.

An Oireachtas Committee heard there was a “systematic conflict of interest” because Anglo directors also sat on the board of the development authority which was initially set up with a social-regeneration role but became more focused property development.

DDDA chairwoman Niamh Brennan said there were questions about “whether those individuals were owing their duties solely to the good of the authority or whether they were engaging in transactions, influenced by their interests outside of the authority”.