Taoiseach Brian Cowen has welcomed the progress that had been made in the investigations into Anglo Irish Bank and said these were "advancing".
Speaking in Brussels he said, he said that due process had to be respected but also said he hoped the matters would be dealt with as quickly as possible.
“I have shared the frustration of vast majority of Irish people on how quickly it has been conducted,” he added.
He said that it has been a huge investigation, one of the largest in the history of the Garda Síochána, as well as the Office of Corporate Enforcement.
“The DPP has the file. Let him use his independent role. I will not say anything other than I am glad that it is advancing,” he said.
Minister for Justice Dermot Ahern said yesterday two Garda files related to investigations into Anglo Irish were being sent to the DPP today.
Mr Ahern said yesterday that following what was probably the biggest investigation of its kind in the history of the State, gardaí were confident there would be prosecutions.
Garda sources have said it could take “weeks if not months” for the DPP to review them before any prosecutions can be brought.
The largest file to be sent to the DPP related to the €7.2 billion back-to-back financial transactions carried out between Anglo Irish and Irish Life and Permanent.
The funding arrangements between the two banks, which involved transferring money from ILP to Anglo, flattered Anglo’s balance sheet at the end of September 2008 and masked heavy withdrawals of customer deposits at the peak of the financial crisis.
The Minister said the file contained 42 volumes of documents that concerned the transfer of the money, market manipulation and deception. Four major suspects were involved, he said, but he could not name them for legal reasons.
The second file sent to the DPP, which had six volumes, was related to the so-called Maple 10, the Minister said, and the Office of the Director of Corporate Enforcement would also send in a file on the same matter. The Maple 10 were 10 customers of the bank who took a 10 per cent stake in Anglo, using loans from the bank.
There were also a number of relatively smaller aspects still under investigation that would continue into the new year, Mr Ahern said.
