Top bankers face 10-year jail threat Squad over loans

Run_to_da_hills

About time but is this enough?

There was a lot more rot in the core of this atrocity than just the financial institutes, Is this a case of scapegoating? What about the financial regulator ?

Will the Government put this into practice or is this just another attempt to charm their way back into the popularity poll again?

http://www.independent.ie/national-news/top-bankers-face-10year-jail-threat-squad-over-loans-1639913.html

thebman

I think the only relevant bit in that article is this:

will be considered

In other words, it won't happen and its just something they want people to see in the media. Oh we considered it but it was unworkable. Who decided that, well it was the blue ribbon committee :rolleyes:

Not that I'm even sure it would solve anything.

destroyer

threat unfortunatly thats all it is , no one ever faces jail here for corruption certainly not ten years

ejmaztec

Has anyone ever been locked up for fraud in Ireland?

It seems that in the UK, the usual sentence is 3 years, whether a few hundred thousand has "vanished", or several million. The suited individuals then do their time in semi-holiday-camps and write novels.

Erin Go Brath

Lets see if the ODCE call in the Garda Bureau of Fraud Investigation to investigate Anglo Irish first. Then we'll know if they mean business, otherwise its just hollow soundbites from the Govt.

SeanW

+1

Mena

Do the Garda need the ODCE to request an investigation? Surely if there is the possibility of a crime having taken place, they should investigate none-the-less?

It's not like they wait for the Minister of Justice to authorise an investigation into a robbery or murder...

The_Minister

The government can't tell the Gardaí who to arrest.

Hell, its illegal for them to try and put pressure on the DPP.


I thought from the start that there was no way what they were doing was legal, it should be interesting to see if the DPP pursues this.

gurramok

Dream on OP. This is Ireland, one cannot even get the bankers and their apologists to utter the word sorry nevermind get them prosecuted.

The_Minister

gurramok wrote: »

Dream on OP. This is Ireland, one cannot even get the bankers and their apologists to utter the word sorry nevermind get them prosecuted.

Sorry would possibly be admitting liablility.

Sorry could help put them in jail if phrased wrong.

Erin Go Brath

The_Minister wrote: »

The government can't tell the Gardaí who to arrest.

Hell, its illegal for them to try and put pressure on the DPP.


I thought from the start that there was no way what they were doing was legal, it should be interesting to see if the DPP pursues this.

This extract from the article would seem to contradict you.

The Government's corporate enforcer told the Irish Independent last night that "all options" will be considered when he delivers a preliminary finding by the end of next month.

This includes potentially calling in the Garda Bureau of Fraud Investigation, which has the power to bring criminal charges against those suspected of fraudulent behaviour.

destroyer

Erin Go Brath wrote: »

This extract from the article would seem to contradict you.

The Government's corporate enforcer told the Irish Independent last night that "all options" will be considered when he delivers a preliminary finding by the end of next month.

This includes potentially calling in the Garda Bureau of Fraud Investigation, which has the power to bring criminal charges against those suspected of fraudulent behaviour.

Dont hold your breath. I predict they all retire with a nice hefty
payoff and a generous pension.

The_Minister

Erin Go Brath wrote: »

This extract from the article would seem to contradict you.

The Government's corporate enforcer told the Irish Independent last night that "all options" will be considered when he delivers a preliminary finding by the end of next month.

This includes potentially calling in the Garda Bureau of Fraud Investigation, which has the power to bring criminal charges against those suspected of fraudulent behaviour.

There is a difference between bringing it to the gardas attention, and telling them what to do.
If they choose not to prosecute the government can't do squat.

Hillel

The_Minister wrote: »

The government can't tell the Gardaí who to arrest.

I remember Brian Linehan boasting on the Late Late Show that a Gardai was asked whether he wanted a "pint or a transfer" when he raided a pub, late at night, and found Brian and others drinking illegally.