It won't be long before bankers will be doing what the American's call the perp-walk; naughty men with their handcuffed hands behind their backs, smiling at the cameras.
The Irish authorities are off to a good start, with a raid on Anglo-Irish Bank.
Fraud squad officers and corporate crime investigators have raided the headquarters of the Anglo Irish Bank in Ireland.The Garda were understood to be searching the St Stephen's Green offices in central Dublin for books, documents and other materials which could provide evidence of any offences under company law.
Anglo Irish Bank was nationalised last month after the share price plummeted amid a wave of controversies. These included a loans-for-shares scandal, revelations about secret loans to former chairman Sean FitzPatrick and a multibillion-euro deposit from an apparent rival bank to boost its books.
Up to 20 officers working under the Office of the Director of Corporate Enforcement were acting on a search warrant issued on Monday by a judge in the Dublin District Court.Investigators are examining if any crimes were committed by the bank under Section 20 of the Companies Act.The raid followed remarks by Transport Minister Noel Dempsey on Monday in which he accused those involved in wrongdoing at the bank of engaging in "economic treason".
Tuesday, February 24, 2009
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