Wednesday 17 January 2018

Banking Inquiry reports former Anglo exec to gardai for failing to comply with committee order

Ciarán Lynch is the chairman of the Banking Inquiry
Ciarán Lynch is the chairman of the Banking Inquiry
Philip Ryan

Philip Ryan

The Banking Inquiry has reported a former Anglo Irish Bank executive to gardai for refusing to comply with an order from the Oireachtas committee.

It has also been decided that three other former Anglo executives, including former chairman Sean Fitzpatrick, will not have to appear before the inquiry as they are involved in ongoing legal actions.

Meanwhile, former Anglo chief executive David Drumm has sent a statement to the inquiry, which is being reviewed by the its legal team.

At a private meeting today it was agreed to report former Anglo executive Tom Browne to garda for failing to comply with an order from the inquiry.

The committee also wrote to Mr Browne informing him it may take a court action against him for failing to comply with its direction.

The committee has also agreed to withdraw directions issued to former executives of Anglo executives Sean FitzPatrick, John Bowe and Pat Whelan following an intervention from the Director of Public Prosecution.

 “While we accept that there are criminal proceedings ongoing, it is with regret that we are required to withdraw these directions, Banking Inquiry chairman Ciaran Lynch TD said.

He added: “The Committee has identified lines of inquiry and is resolutely following up on those lines of inquiry with witnesses and has been firm, robust but fair in asking the necessary questions and that is evident from the public meetings to date.”

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business