Dáil debates
Tuesday, 2 July 2013
Ceisteanna - Questions - Priority Questions
Banking Sector Investigations
2:30 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Seemingly he did. As I said in my original reply, in 2009, the Financial Regulator compelled the production of approximately 45,000 hard copy documents and approximately 9 million electronic documents. The electronic material remains in the possession of the bank as the Financial Regulator investigation was deferred in 2009 pending DPP proceedings. As I understand it from the information provided to me, the DPP commenced an action. He compelled, I presume under court order or under his own authority, the production of all these data. However, his investigation did not then proceed because there was an indication that criminal proceedings would commence and his investigation was suspended because of the possibility of DPP proceedings.
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