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Thread: Anglo refusing to release records to Corporate Enforcer: Judge says think again

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    Default Anglo refusing to release records to Corporate Enforcer: Judge says think again

    Are Anglo Irish Bank bosses taking evening classes from the HSE?

    The judge in charge of the Commercial Court has asked Anglo Irish Bank to consider 'at the highest level' and 'as a matter of urgency' whether it wants to continue to claim legal professional privilege over certain documents seized by the Director of Corporate Enforcement as part of his investigation into the bank.

    Mr Justice Peter Kelly said Anglo Irish Bank was now wholly owned by the State.

    He said it was 'incongruous' for a State-owned body to be claiming privilege over documents in relation to an investigation being carried out by an officer of the State.

    The bank was entitled to claim privilege, he said, but he believed it should reconsider 'at the highest levels' whether it was wise, prudent or sensible to do so.
    RTÉ News: Anglo asked to consider legal privilege
    Adjourned for two weeks.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Lawyers clean up again....

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    Politics.ie Member Libero's Avatar
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    This will put Dukes and the boys on the spot.

    How can they claim the bank is cooperating with the investigation if, eh, it's not cooperating with the investigation?

    Lenihan also has to answer the same question. As Minister, he owns the bank and has special statutory powers to direct the bank's management how to act.

    Why won't Brian Lenihan allow the truth to come out?

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    Politics.ie Member MsAnneThrope's Avatar
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    Might such actions explain Fitzpatrick's cockyness?

    Independent June 3rd 2010: My day will come: FitzPatrick - Disgraced banker relying on investigations to clear his name
    Last edited by MsAnneThrope; 3rd June 2010 at 03:00 PM.
    We all love animals. Why do we call some 'pets' and others 'dinner'?

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    There is a reason why those docs are being hidden, links between bankers, developers and politicians tend to cause controversy.

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    Politics.ie Member Libero's Avatar
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    The opposition should grab onto this issue like a dog with a bone, and direct all the questions straight at Lenihan.

    He is the sole shareholder in the bank and has power to direct that the bank comply with the judge's sensible suggestion.

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    It would be interesting to get more detail on what the documents relate to. All we know is that they are in relation to legal advice the bank was getting. Remember the judge has confirmed that they are correct in their view that they are priviledged documents. That indicates that they are correspondence between lawyers and the bank. Could be interesting to see what the lawyers were advising them to do !!

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    Quote Originally Posted by MsAnneThrope View Post
    Might such actions explain Fitzpatrick's cockyness?

    Independent June 3rd 2010: My day will come: FitzPatrick - Disgraced banker relying on investigations to clear his name
    It is of course possible that his various actions in Anglo and DDDA did not contravene the law-indeed I would not be surprised if this is the case.
    However he must pay back all his loans-just like every one else.
    There seems no reason why the majority of his very significant pension could not go in this direction. He could be left with say the value of the standard UA or OAP.
    Of course he might not then be able to afford too many trips to the Ravenous Priest or wherever it is that he goes locally.

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    Quote Originally Posted by Libero View Post
    The opposition should grab onto this issue like a dog with a bone, and direct all the questions straight at Lenihan.

    He is the sole shareholder in the bank and has power to direct that the bank comply with the judge's sensible suggestion.
    ...'to the ends of the earth' may not include Stephens Green ...
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Don't we own the bank?

    I'm no lawyer but can't the taoiseach or M.O.F just say " I want to see......." or give these lawyers whatever they want?

    If Anglo was a PLC they'd have the usual rights but they aren't.

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