Monday 22 January 2018

Firm stand needed in banking inquiry

EVEN the name 'Director of Corporate Enforcement' bristles with menace. One envisions an Arnold Schwarzenegger-type figure brandishing automatic weaponry on each arm, striking terror into the hearts of any potential miscreant financiers.

So when the current holder of the office, Paul Appleby, tells us more than 10 witnesses are not co-operating with his investigations into the disastrous business affairs of Anglo Irish Bank, the first reaction is one of shock. The second anger.

Mr Appleby has now indicated that he will require an extension to his investigation -- a July 28 deadline had already been set by the High Court.

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