- Apr 7, 2010
End in sight for Anglo investigation - The Irish Times - Tue, Nov 09, 2010
The Director of Corporate Enforcement’s two-year investigation into Anglo Irish Bank is expected to be “substantially complete” by the end of this year, the High Court heard today.
The inquiry, which is being assisted by the Garda Bureau of Fraud Investigation, was today extended by the High Court until April.
Although it has been offically extended til April 2011Earlier, the judge heard Anglo does not have the passwords necessary to access some specific password protected or encrypted documents and the failure of certain Anglo personnel who have left the bank to give it those passwords, is one of the factors which have delayed the inquiry.
Because some “very detailed password encryption” was involved, working out the passwords was “a very time consuming process” for the investigators, Paul O’Higgins SC, for the ODCE said. The director had sought passwords for 50 of some 800 password protected documents as those 50 appeared most relevant to the probe but Anglo could only supply 20 of those.
The judge was also informed some 125 statements have been taken to date for the investigation and this was also proving very time consuming, with an average three days required for each statement and some taking “a lot longer”.