Gormley: Garda investigation at Anglo will take time

Environment Minister John Gormley has said it may take some time for the Garda investigation in relation to Anglo Irish Bank to be completed.

Searches were carried out for a second day today at the bank's headquarters in Dublin.

The fraud squad and the Office of Corporate Enforcement are examining records and computers to establish if a breach of company law has taken place.

Today's raids come after officers spent more than 11 hours in the building yesterday.

Minister Gormley says the investigation could last for a considerable amount of time.