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Lenihan: Files being prepared for DPP in banks inquiry

Fine Gael TD Leo Varadkar has said that the banks have “done more damage to the economy than the IRA”.

MINISTER FOR FINANCE Brian Lenihan has announced that files are being prepared by gardaí for submission to the Director of Public Prosecution, RTÉ reports.

The move is a result of the investigation into reckless lending by banks, which Lenihan has described as the core problem of the banking crisis.

Speaking during the special two-day Dáil debate on the economy, Lehihan said that he had stated in the past that there had been serious issues of corporate governance in the banks and both gardaí and the Office of Corporate Enforcement had been investigating.

Meanwhile, Fine Gael TD Leo Varadkar said that the banks had “done more damage to the economy than the IRA”, and called for the arrest and prosecution of top banking figures.

The Fine Gael Communications and Energy Spokesman said the bankers must be treated as subversives.

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