Bank's auditors should have spotted secret loans, says Neary

Auditors who checked the annual accounts of Anglo Irish Bank should have spotted secret multi-million euro loans, Financial Regulator Patrick Neary said today.

Bank's auditors should have spotted secret loans, says Neary

Auditors who checked the annual accounts of Anglo Irish Bank should have spotted secret multi-million euro loans, Financial Regulator Patrick Neary said today.

Mr Neary, who has been forced to retire over the scandal, told an Oireachtas Committee that international consultants Ernst & Young are being quizzed as part of a major inquiry by his office into the scandal.

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