The sort of thing the instigators of the Appleby’s office had in mind was the investigation of a company that went bust to make sure its directors had not kept trading when they knew it was a lost cause.
The office is organised, staffed and structured, right down to the original appointment of Appleby, to carry out this type of work. Giving it more powers and more work to do will not change this.
Those in the office work hard and do a good job, but asking them to be the lead investigators into what happened in Anglo Irish Bank and bring them to justice is like asking the Health Information and Quality Authority (Hiqa) to investigate a mass shooting at a hospital.
Such a hypothetical event might involve the breach of numerous hospital rules Hiqa is responsible for enforcing, such as not allowing firearms on the premises, but that is beside the point.
The issues at Anglo Irish Bank and elsewhere are very grave and lie squarely in the realm of a specialised financial crime investigation body. For a country which shows such a talent for white-collar crime, it’s amazing we don’t have one.