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Are we craven or inept in the face of arrogant financial malpractice?

Colum Kenny


Too many questions have been left unanswered by the Central Bank in the wake of the Davy affair, writes Colum Kenny

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Central Bank (Stock)

Central Bank (Stock)

Central Bank (Stock)

Did Ireland's Central Bank break the criminal law by failing to report to the Garda certain behaviour by senior employees and Davy shareholders when they learnt of its general nature in 2014 and 2015? Why did Davy itself not report it?

Section 19 of the Criminal Justice Act 2011 states: "A person shall be guilty of an offence if he or she has information which he or she knows or believes might be of material assistance in… securing the apprehension, prosecution or conviction of any other person for a relevant offence and fails without reasonable excuse to disclose that information as soon as it is practicable to do so to a member of the Garda Síochána."


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