Start prosecuting bank directors
Published 02/10/2010 | 05:00
It is nearly two years since we discovered that the Irish banks were in serious trouble. In that time we have heard stories of directors transferring funds from one bank to another to disguise the true financial position of their institutions, which is an offence under company law.
This week, the driver of a concrete truck that mounted the footpath outside Leinster house as a form of protest at the behaviour of the banks, spent a night in custody.
He has been released on bail, pending a court appearance. Why have the authorities not acted so swiftly with some of the bank directors who appear to have a case to answer under existing legislation?