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Gardaí asked to investigate Cowen, Lenihan and BOI and AIB officials

16 September, 2010


Sinn Féin’s Eoin Ó Broin has today contacted Gardaí in Pearse Street Garda Station requesting an investigation into possible acts of fraud and deception by An Taoiseach Brian Cowen, Minister for Finance Brian Lenihan and the Chief Executives and Chairmen of Bank of Ireland and Allied Irish Bank under Section 6 of the Criminal Justice (Theft and Fraud Offences) Act, 2001.

Mr Ó Broin asked the Gardai to investigate whether or not Brian Cowen and Brian Lenihan deliberately withheld information from the Dáil regarding the insolvency of Anglo Irish Bank or whether or not the officials from Bank of Ireland and Allied Irish Bank withheld information from Cowen and Lenihan in meetings before the enactment of the bank guarantee scheme.

Speaking today Ó Broin said:

“In September 2008, in the run up to the bank guarantee scheme, David Drumm & Sean Fitzpatrick of Anglo Irish Bank met Brian Goggins and Richard Burrows of Bank of Ireland and informed them of Anglo’s insolvency.

“They then met Dermot Gleeson & Eugene Sheehy of AIB and informed them of Anglo’s insolvency.

“Following this Brian Goggins, Richard Burrows, Dermot Gleeson and Eugene Sheehy all met with Brian Cowen and Brian Lenihan to urge them to introduce a bank guarantee scheme.

“Brian Cowen and Brian Lenihan then went to the Dáil and introduced the Credit Institutions (Financial Support) Bill commonly known as the Bank Guarantee. During the course of the debate on this Bill neither Brian Cowen nor Brian Lenihan informed the Dáil that Anglo Irish Bank was insolvent.

“The passing of this Bill led to huge financial loss for the Irish Taxpayer.

“I have today asked the Gardaí to investigate whether or not Brian Cowen and Brian Lenihan deliberately withheld information from the Dáil regarding the insolvency of Anglo Irish Bank or whether or not the officials from Bank of Ireland and Allied Irish Bank withheld information from Cowen and Lenihan in meetings before the enactment of the bank guarantee scheme.” ENDS

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