Damning files reveal Central Bank’s role in €7bn banking fraud

Damning files reveal Central Bank’s role in €7bn banking fraud

State had intimate knowledge that the two banks were helping each other out

Official files and secret notes reveal that a €7 billion fraud that led to the criminal conviction of three bankers earlier this month was “potentially based on encouragement” from the Central Bank, The Sunday Business Post can reveal.

The secret documents reveal how the state had intimate knowledge that the two banks were helping each other out during the financial crisis in order to make their balance sheets...

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