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Judge shocked that only 11 Gardai working on Anglo investigation

A HIGH Court judge has said he is shocked that only 11 Gardai are working on the investigation into the collapse of Anglo Irish Bank, now the Irish Bank Resolution Corporation.

Mr Justice Peter Kelly said he was “taken aback” to hear the number of Gardai seconded to the Office of the Director of Corporate Enforcement.

However, he said the Director of Public Prosecutions may decide in the next few weeks whether to bring criminal charges following a three year investigation by the ODCE.

The body is still investigating five issues and has sent 150 files to the DPP to date.

Today it secured a court order allowing another six months to finish the investigation.

Mr Kelly noted the investigation is taking a very, very long time.”

The Garda Bureau of Fraud Investigation is conducting a parallel investigation into Anglo and last year sent a file to the DPP on back-to-back bank deposits which the bank undertook with Irish Life & Permanent at the end of September 2008.