DIRECTOR OF Corporate Enforcement Paul Appleby has sent a second extensive investigation file on Anglo Irish Bank to the Director of Public Prosecutions in relation to company law breaches.
The file relates to Anglo lending €451 million to 10 customers in July 2008 to buy shares in the bank held by businessman Seán Quinn to prop up the share price.
Mr Appleby said the file, containing about 8,000 pages within 17 volumes, was 90 per cent complete but that “important interviews” still had to be concluded.
The file deals with a possible breach of section 60 of the Companies Act 1963, which covers lending by a company to individuals to buy shares in the company.
A spokesman for the Office of the Director of Corporate Enforcement (ODCE) declined to say whether former Anglo chief David Drumm was among those still to be interviewed for the file.
Mr Drumm, who lives in the US, has not returned to give evidence in person in the inquiries by Mr Appleby and the Garda into Anglo.
In a speech at NUI Galway last night, Mr Appleby said that “every effort is being made to substantially complete all investigations by the end of the year”.
The priority before the end of the year was to complete the investigation into loans to former directors, including chairman Seán FitzPatrick, that were not adequately disclosed in financial statements for many years.
Mr Appleby sent an investigation file to the DPP last December about a loan of €8 million given to Anglo finance director Willie McAteer in September 2008. He also sent three other reports on Anglo.
