Wednesday 22 February 2017

Bank Inquiry is now facing two big threats

Published 27/07/2015 | 02:30

Former Anglo Irish Bank boss, David Drumm
Former Anglo Irish Bank boss, David Drumm

The Oireachtas Banking Inquiry faces threats on two fronts just as it had the finish line in sight. There is deep division in the ranks on whether the inquiry members should hear video-link evidence from former Anglo Irish Bank boss, David Drumm.

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Some committee members are threatening to walk from the project if the video-linked hearing goes ahead. That threat, we are given to understand, comes irrespective of expert legal advice and feedback from the DPP on the permissibility of this video-linked process. Such an eventuality could collapse the inquiry.

The second threat relates to allegations from a whistleblower on the inquiry back-up team. It is understood this focuses on concerns that favourable treatment may have been given to the Finance Department and/or Central Bank in the inquiry process.

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