Gardaí raid offices of Anglo Irish Bank in Dublin

ardaí from the Bureau of Fraud Investigation have begun a number of searches at the offices of Anglo Irish Bank in Dublin.

The officers are working with the Office of the Director of Corporate Enforcement (ODCE), which is investigating a series of financial scandals related to the bank.

A Garda spokesman said that a search warrant had been issued yesterday by a judge in the Dublin District Court.and was executed this morning.

Up to 20 officers working under the ODCE are involved in the search.

The gardaí are understood to be searching the St Stephen’s Green offices for books, documents and other materials that could provide evidence of any offences under company law.

Anglo Irish Bank was nationalised last month after the share price plummeted amid a wave of controversies, including a loans-for-shares scandal, revelations about secret loans to former chairman Sean FitzPatrick and a multibillion-euro deposit from an apparent rival bank to boost its books.


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[edit on 25-2-2009 by marker3221]

[edit on 25-2-2009 by marker3221]

Here you go folks,

Following the march of 120,000 people through Dublin we have a major raid on three branches of one of the major Irish banks.

Anglo Irish has been embroiled in scandal for the past few weeks and everyone I know is really angry at the situation, whispers of possible prosecutions (similar to that from the US) and then here you go, a full scale raid at 9.00am.


The chickens are coming home to roost, the rest of the Banks and corrupt Exec's should be on notice, us Irish won't tolerate this!

Its great to see Justice being served to those who thought they were untouchable, let it be a message to all.


Marker



www.independent.ie
(visit the link for the full news article)

[edit on 25-2-2009 by marker3221]

And you gotta love this quote from the MInister of Justice, Dermot Ahern:

“We operate the rule of law. As far as I am concerned, that provides that, whether you have a balaclava, a sawn-off shotgun or a white collar and designer suit, the same rules apply.”

Right on!!

Marker

They can do all the raids they like but if noone gets prosecuted, then nothing has really been done.

There are so many charges that can be pushed on these guys, some of them carry no maximum sentence.

I would love to see a bunch of them locked up for gross misconduct and fraud. I don't think that its too far away tbh.

Originally posted by Dermo

There are so many charges that can be pushed on these guys, some of them carry no maximum sentence.

I would love to see a bunch of them locked up for gross misconduct and fraud. I don't think that its too far away tbh.

Neither do I, I was just talking about how they should be prosecuting these guys to a friend the day before the raids, I was a happy man when I discovered the reason the press were swarming around outside their Stephen's Green offices.

Should see some of them up in court soon enough, well hopefully.

If anything, its sending a message to the rest. We will at least raid your premises, then watch as your customers flee, prosecutions or not.


Marker

I know someone who was on that march you were talking about. I will see if I can get her to give me some info or maybe even contribute directly on here!