As three ex-superior executives of the bank including David Drumm, the Ex-Chief Executive of Irish bank, have declined to assist with the enquiries by the Director of Corporate Enforcement and gardai, considerable impediments have been brought to light in the High Court the day before.
The identification of the various important witnesses who have denied to be examined have been kept in dark including the names of the two important executives apart from David Drumm who refrained from coming back to Ireland for interrogation after putting in papers for insolvency in Massachusetts.
This probe which began about two years ago when a large number of documents were detained in a seizure in the Green Headquarters of the bank at St. Stephens is expected to prolong for another six months as estimated by the counsel for the ODCE. It is conducting this inquiry along with the Garda fraud officers.
On the other hand, the criminal proceedings are expected to take another two years after examining of about 12000 pages long documents and data in the court since the Director of Public Prosecutors has not yet expressed its opinion on those reports and files which also sent to it.