Investigation into IBRC's handling of Anglo loans stalled due to "legal issues"

Investigation into IBRC’s handling of Anglo loans stalled due to “legal issues”


The murky depths in which the Anglo phantom swims around have become a little dirtier today with the revelation that the commission in charge of investigating the IBRC-Anglo love affair cannot proceed for now due to “legal issues.”

The chair of the commission has reportedly received a letter from Judge Brian Cregan stating that no investigation can continue into “any of the relevant write-off transactions” at the centre of the inquiry.

Issues surrounding IBRC’s handling of Anglo-Irish Bank’s loans arose after some controversy emerged over the sale of SiteServ to a company owned by the ubiquitous businessman Denis O’Brien.

A detailed report into said “legal issues” is expected in the near future.

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