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Thread: No Anglo Irish Prosecution "for Several Years"

  1. #31
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by ang View Post
    Xray billions more will be gone while we wait for GE
    Yes there will. There is sweet FA that can be done about it and in fact most of the damage is not reversible, if you agree to pay something you are on the hook one way or the other. We cannot undo many of the mistakes that were made, but we could admit and recognise them, it would be a start.
    Mr Lenihan said the guarantee was “the cheapest bailout” compared with bank rescues in other countries, including the UK and the US, where “billions and billions of taxpayers’ money are being poured into financial institutions” - October 24 2008

  2. #32
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Batt O'Keefe says that 15 cases have been referred to the Fraud Squad by the Office of the Director of Corporate Enforcement:
    The minister revealed that he has met Paul Appleby, the Director of Corporate Enforcement, to discuss the progress of the Anglo probe and he indicated that the Government wants to make the probe as efficient and effective as possible.

    "During the course of that meeting, it was indicated to me that there were a number of cases that he [Paul Appleby] felt could not be pursued by himself… He has now referred at least 15 cases to the fraud squad for them to investigate."

    Mr O’Keeffe said not all the cases related to Anglo but to the wider investigation into the banking crisis

    Read more: http://www.examiner.ie/home/fraud-sq...#ixzz0v1ZAFmLd

  3. #33
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by ang View Post
    Xray billions more will be gone while we wait for GE
    i think not. at least not into Anglo. whoever had any dealings with this abomination, took the money once it was guaranteed and up for grabs and left the building before someone changed their mind. they just can't wind it down now because the full scale of the scam will come to light and then there will be murder and mayhem in the streets. my 2 cents.
    Thus all which you call Sin, Destruction—in brief, Evil—that is my true element.

  4. #34
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by TotalMayhem View Post
    i think not. at least not into Anglo. whoever had any dealings with this abomination, took the money once it was guaranteed and up for grabs and left the building before someone changed their mind. they just can't wind it down now because the full scale of the scam will come to light and then there will be murder and mayhem in the streets. my 2 cents.
    There are 14 billion in toxic financial product from Anglo and no one knows what the ultimate liability will be there.

  5. #35
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    A very sobering reminder of the criminality in this state on the Examiner the other day in the opinion section. Anglo is getting the equivalent of three years capital spending to just stay in business while the government cuts all around them. How is that not the headline in bold at the front of the papers.....oh I forgot Cheryl Cole has recovered from malaria....thank god we were informed of that piece of urgent national news....let the revolution begin....

  6. #36
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    A snippet I noticed in an Emmet Oliver article in today's Indo.
    Criminal defence lawyers have told the Irish Independent that it would be "almost impossible" to prove criminal intent beyond a reasonable doubt in any white-collar crime trial resulting from the various investigations into Ireland's banks in circumstances where a regulator or senior state officials gave express or implied approval to a transaction or series of transactions.
    So we can forget about anybody in the banks doing porridge?
    http://www.independent.ie/business/i...n-2278199.html

  7. #37
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by PaddyJoe McGillycuddy View Post
    A snippet I noticed in an Emmet Oliver article in today's Indo.

    So we can forget about anybody in the banks doing porridge?
    http://www.independent.ie/business/i...n-2278199.html
    Surely if they were involved in committing an offence they should be charged too ?

    Just because they are public servants, it doesn't mean they are entitled to break the law.

  8. #38
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    A sign of things to come ?

    GARDAI are to recommend that the "golden circle" of 10 businessmen who were loaned money by Anglo Irish Bank to buy shares in the stricken financial institution should not face charges.

    Investigators were unable to find evidence that the 'golden circle' committed a crime in accepting loans from Anglo Irish Bank to buy a 10 per cent stake during a critical financial period, according to an informed source.
    http://www.independent.ie/national-n...0-2280582.html

  9. #39
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    More spin from the Gardai and the Independent. What they are saying is that the "Golden 10" who bought the shares didn't commit an offence. They were hardly in the frame in the first place. The enquiry into the Directors goes on.

    Investigations are continuing into potential market abuse and market manipulation in a series of share deals and loan transactions that propped up the troubled bank in the months before its collapse. The offence carries a 10-year prison sentence and up to €10m in fines.
    The principal criminal investigation surrounds the transfer of €7bn from Irish Life and Permanent to Anglo to bolster its accounts as the bank came to the end of its financial year.
    This seems to have been "bumped" by Fine Gael's intervention last week. I was disgusted to see an implication that "top level legal advice" furnished to the Guards by those under investigation is cited. Such advice was hardly independent.
    Last edited by C. Flower; 01-08-2010 at 09:52 AM.

  10. #40
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    Quote Originally Posted by C. Flower View Post
    More spin from the Gardai and the Independent. What they are saying is that the "Golden 10" who bought the shares didn't commit an offence. They were hardly in the frame in the first place. The enquiry into the Directors goes on.



    This seems to have been "bumped" by Fine Gael's intervention last week. I was disgusted to see an implication that "top level legal advice" furnished to the Guards by those under investigation is cited. Such advice was hardly independent.

    If they are not under investigation , is there any reason they can't now be named?

  11. #41
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by Nipper View Post
    If they are not under investigation , is there any reason they can't now be named?
    According to Brian Lenihan, Attorney General's advice is that it's a matter of business confidence etc. etc.

    But they backed down over the Bank Guarantee documents and they possibly would back down on this, with enough pressure.

  12. #42
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Which Gardai are named in this 'recommendation'? Its not the Gardai's role to recommend or otherwise on criminal prosecutions.

    Thats the role of the Director of Public Prosecutions.
    Think National. Act Local. Oh- and superstition is just the dark matter of human history.

  13. #43
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    This story is a piece reporting that the fraud squad are making recommendations to the DPP. Thats the wrong way around if the story has any truth in it- the DPP receive files from the Gardai and then notify the Gardai if prosecutions can go ahead.

    There's absolutely nothing in the article naming any source within the fraud squad for this information.

    Also it mentions in the article that Anglo 'handpicked' 10 of its 'clients' to whom it made approaches for a share support operation. Which Anglo employee or employees did that? Because that *********** and when you add in the habit Anglo had of dropping 'recourse' clauses for certain clients and not properly filling in documentation on major loans there is certainly evidence of illegal activity.

    I'm in two minds over this- on the one hand it shows the total ineptness, whether deliberate or not, in handling serious white collar crime in Ireland and on the other hand it means no-one in Ireland need be under any illusion any further about the depth of corruption right across the institutions of the state.

    That means anybody who wants to take direct action against any of the people concerned can do so in the certain knowledge that Irish authorities intend to do nothing about fraud among the so called 'elite' in Ireland.

    It'll be '********' to the law.
    Last edited by C. Flower; 04-08-2010 at 11:41 AM.
    Think National. Act Local. Oh- and superstition is just the dark matter of human history.

  14. #44
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    http://www.independent.ie/national-n...s-2275694.html

    It seems that many of the relevant people have still not been interviewed and that the Gardai consider this a "slow burner"

    GARDAI are investigating dozens of suspected fraud offences as part of their probe into scandal-hit Anglo Irish Bank, the Irish Independent has learned.

    The offences relate to the movement of €7.45bn in deposits between Anglo Irish Bank and Irish Life and Permanent and the controversial loan of €450m to a "golden circle" of 10 investors to buy bank shares.
    These include at least 15 case files transferred by the Office of the Director of Corporate Enforcement, Paul Appleby, to the Garda Fraud Bureau in recent weeks.
    Senior garda officers have given a detailed briefing to the Director of Public Prosecutions on progress achieved so far in their inquiries.
    But they accept their file to the DPP will not be completed for some time and describe the investigation as "a slow burner".
    At least four more senior bankers have to be interviewed by detectives on the alleged financial wrongdoing.
    The DPP will then examine the file and determine whether criminal charges should be brought.
    Gardai and the Office of the Director of Corporate Enforcement (ODCE) have been investigating alleged irregularities at the now nationalised bank since February last year.
    The ODCE is investigating Anglo solely for breaches of company law and is passing any potential evidence of criminal offences to the gardai.
    The gardai have seconded 20 officers to the ODCE and the two bodies are working closely.
    The 15 case files were passed to fraud squad detectives after a number of suspected offences uncovered by the ODCE were deemed to be outside its remit.
    "Any element found that isn't related to company law is referred to the gardai or a relevant regulatory body," a source told the Irish Independent.
    Meanwhile 8 guys from the Eirigi picket on Anglo Irish will be up in Court on 8th October.

  15. #45
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    Default Re: No Anglo Irish Prosecution "for Several Years"

    Quote Originally Posted by Captain Con O'Sullivan View Post
    This story is a piece reporting that the fraud squad are making recommendations to the DPP. Thats the wrong way around if the story has any truth in it- the DPP receive files from the Gardai and then notify the Gardai if prosecutions can go ahead.

    There's absolutely nothing in the article naming any source within the fraud squad for this information.

    Also it mentions in the article that Anglo 'handpicked' 10 of its 'clients' to whom it made approaches for a share support operation. Which Anglo employee or employees did that? Because that *********** and when you add in the habit Anglo had of dropping 'recourse' clauses for certain clients and not properly filling in documentation on major loans there is certainly evidence of illegal activity.

    I'm in two minds over this- on the one hand it shows the total ineptness, whether deliberate or not, in handling serious white collar crime in Ireland and on the other hand it means no-one in Ireland need be under any illusion any further about the depth of corruption right across the institutions of the state.

    That means anybody who wants to take direct action against any of the people concerned can do so in the certain knowledge that Irish authorities intend to do nothing about fraud among the so called 'elite' in Ireland.

    It'll be '********' to the law.
    It was articled in the SINDO as they aren't to be trusted at all with all the trash piece of journalism.

    I think it's deliberate on their part to comment on white collar crime as it it was true but no names or it's very vague. Why should we believe their story??

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