25/03/2009

Accountancy Body Widens Anglo Irish Investigation

The Chartered Accountants Regulatory Board is widening its investigations focusing into activities involving inappropriate directors' loans surrounding Anglo Irish Bank.

Special Investigator, Mr John Prucell, has been asked to examine a multi-billion euro deposit made by Irish Life and Permanent in September-October last year, to 10 investors who bought shares in Anglo with €451m in loans from the bank .

Mr Purcell, Controller and Auditor General at Carb, will also examine the performance at Anglo Irish Bank’s auditors Ernst & Young.

(CD/BMcC)

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