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Sat 03 Mar 2010Questioning may have focused on €7.5bn ILP deposit
THE GARDA investigation into Anglo Irish Bank is assessing three key issues, including the hidden directors’ loans to former chairman Seán FitzPatrick and the secret share transaction which supported the bank’s stock at a time of severe volatility for the institution.
According to Garda sources, the third strand of the investigation – deposits of €7.5 billion into Anglo from Irish Life Permanent (ILP) in September 2008 – was the focus of questioning by gardaí of Mr FitzPatrick over the 24-hour period in Bray.
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