Anglo probe team warns sift of bank 'cannot be rushed'
That last sentence has made me very suspicious. Very twee. I believe it's an attempt to placate us. Why is it taking so long? Is it connected in any way to waiting for NAMA to be set up do you think? When you compare it to the speed Madoff was investigated, charged and sentenced in the U.S. it really makes you wonder.SENIOR gardaí and the Office of the Director of Corporate Enforcement have insisted that investigations into financial irregularities at Anglo Irish Bank "cannot be rushed" and could take a further 12 months before they are completed.
An investigation by the Garda National Bureau of Fraud Investigation into Anglo's affairs was launched six months ago when officers raided the bank's head office in Dublin.
A senior garda source said, "The investigation is extremely complex... For us to do it professionally will take considerable time and effort. It will be well into next year before it's finished. We would be doing a terrible injustice to the people of Ireland if this was not thorough."
Meanwhile Seanie is living it up as though nothing has happened, and Drumm has bought not one but two luxury houses in Cape Cod in the U.S. for $7.2 million, having put his Malahide house on the market for €2.79 million. I don't think he has any intention of coming back here. That won't stop him (and ex-finance director Willie 'Fair play to ya' McAteer) pursuing their 2006 bonuses that are now overdue though, and compensation. In a statement last January, Finance Minister Brian Lenihan acknowledged that Anglo directors who lost their positions would "retain their right to pursue compensation for loss of office"
Is this whole investigation nothing more than a pointless exercise to pretend that something is being done, and nothing will come out of it?