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Wed 02 Feb 2009Dáil uproar as Lenihan says he was unaware of loans

There were angry scenes in the Dáil today after it emerged Minister for Finance Brian Lenihan was unaware for two-and-a-half months about multi-billion euro loan deals between Anglo Irish Bank and Irish Life & Permanent (ILP).

Even though Mr Lenihan’s officials knew about massive ILP deposits in late October, and immediately informed the Financial Regulator, the Minister claimed he was not informed until Anglo was bailed out last month.

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