Saturday 20 December 2014

Rabbitte welcomes bank chief’s U-turn on ‘disgraceful’ Anglo Tapes

Central Bank will hand over its analysis of the tapes to gardai

Published 27/09/2013 | 12:03

COMMUNICATIONS Minister Pat Rabbitte said he welcomed the U-turn by the governor of the Central Bank to make submission of analysis of the Anglo Tapes to gardai.

Patrick Honohan shocked and angered TDs after stating he had only listened to the extracts of the tapes revealed in the Irish Independent and said the Central Bank would not be pursuing the issue with gardai.

The governeor was embarrassingly forced to row back on his comments after coming under fire at an Oireachtas Finance Committee meeting and yesterday promised the Central Bank would make submission to investigating gardai.

Minister Rabbitte told the Irish Independent he welcomed Mr Honohan’s U-turn and defended the Bank’s initial reluctance to pursue the matter.

“I do welcome that (decision). I can understand that his point may well be that apart from the disgraceful and contemptuous conduct of the players caught on the tapes, perhaps it is the case that the Central Bank already has the substance of what is involved,” he said.

“But he has taken the correct decision and I welcome his announcement.”

The minister reused to question the Central Bank governor’s initial reluctance to pursue the matter and insisted his successful performance as governor to date means he would not condemn the initial inaction.

“I think the new governor has brought a rigour to the supervision of the banks that was missing before and for that reason I would be reluctant to criticise him,” he said.

The Central Bank will now offer gardai a breakdown of why exactly it has not asked them to move ahead with a criminal probe into the tapes published by the Irish Independent, Sunday Independent and Independent.ie this summer.

By Sam Griffin

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