Kieran O'Donnell (Limerick East, Fine Gael)

I have here the preliminary results for Anglo Irish Bank for 2008, published on 2 December. When will the audit be concluded? We now control the bank but the audit is yet to be concluded.

This transaction came from a non-bank subsidiary of Irish Life & Permanent so that it could be classified under customer accounts rather than banks which would appear less risky to the international market. Does the Minister agree that this was done for no reason other than concealment? I cannot understand how it was not highlighted as a major risk issue in the PricewaterhouseCoopers report. We would like to see that report.

This Minister found and pored over the Anglo Irish Bank report in respect of the director's loans for Seán FitzPatrick. The PricewaterhouseCoopers report that the Minister commissioned is 120 pages long. It was like the Holy Grail. I would have thought the Minister would have wished to read the report in depth.

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