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Anglo arrests welcome but public need full accountability and justice: Doherty

23 July, 2012 - by Pearse Doherty TD


Sinn Féin Finance spokesperson Pearse Doherty has welcomed this evening the arrest of two former senior executives of Anglo Irish Bank, but said much more is needed before the public feel that those responsible for the banking crisis in this state have been held accountable and that such a thing will never happen again.

Deputy Doherty said:

“It is three and a half years now since the investigation into Anglo began and the two arrests today are welcome, though we will need to see how the judicial process plays out in these cases.

“Since the crisis began, this state has pumped over €64 billion into banks, excluding NAMA. The banking crisis forced us into a Troika conditional loan agreement of €67.5 billion and the public have being paying for that agreement in more and more severe budgets since then. We have a fair idea about what happened and how it happened in banks, what people are looking for now is justice.

“The judicial process is lengthy and has to be done fairly, but two individuals facing charges after three and a half years is not sufficient. I have put questions to the Minister for Finance about the resources for this investigation and been assured that the resources are in place.

“I would hope that the Government commitment to this investigation remains firm and that we are not treated to the same half-hearted approach to accountability that we have seen in the past with white collar criminality, where investigations are allowed to fizzle out.

“When people routinely get sentences for trivial things like not paying their television license, bringing the state to its economic knees cannot go unpunished.” ENDS

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