Tuesday 6 December 2016

Others under the microscope

Published 17/01/2010 | 05:00

Anglo Irish Bank

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The beleaguered Anglo, which was nationalised shortly after it emerged that Sean FitzPatrick had hidden €122m of loans, is being investigated by the Garda Bureau of Fraud Investigation (GBFI), the Office of the Director of Corporate Enforcement (ODCE) and the Financial Regulator.

Along with the secret loans, the bank is being investigated about a loans-for-shares scandal involving a "golden circle" of clients. It is now almost a year since gardai and the ODCE raided Anglo's offices as part of the probe.

IL&P

The banking and life-assurance company got caught up in the Anglo controversy when it emerged that IL&P had placed deposits worth about €7.5bn with Anglo, helping to artificially boost Anglo's balance sheet.

As these deposits are at the centre of a number of investigations, so, too, is Irish Life & Permanent.

Michael Lynn

It's over two years since it emerged that solicitor Michael Lynn (pictured) had defrauded banks of at least €80m in a series of property transactions. Lynn, who is understood to be living abroad now, has since been investigated by the GBFI -- but no action has yet been taken.

Sunday Independent

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