Saturday 22 July 2017

Anglo Irish investigators get beyond bank's passwords

Emmet Oliver

Investigators probing events at Anglo Irish Bank have managed to get through a set of encrypted passwords that were blocking access to vital information.

The Irish Independent understands assistance from former and ex-Anglo staff helped investigators to access all the information they needed. Contrary to some reports, no senior executives had control over the passwords in the first place.

While current and former Anglo staff were able to aid the investigators, it is understood IT specialists, who form part of the investigation team, also worked intensively to solve the problem, first highlighted in court proceedings a few weeks ago.

The probe into Anglo is in its final phase and a file will be sent to the Director of Public Prosecutions (DPP) before year-end. The chief area of investigation is deposits moved between Anglo and Irish Life & Permanent in September 2008 that bolstered Anglo's end-of-year position.

Probes into the purchasing of stock held at one time by Sean Quinn and his family is secondary to the deposits' investigation, while Sean FitzPatrick's loans, which were hidden from shareholders, is the third leg.

The probe is a joint garda and Director of Corporate Enforcement operation and both organisations are working closely with the DPP.

"When the file goes to the DPP, it won't be the first time the staff have seen some of the material," a source said yesterday.

It is understood that up to 50 IT specialists contacted the investigation team offering to find ways to penetrate the password systems.

Irish Independent

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