The identity of hundreds of Irish business people who used the Ansbacher deposits could be made known to the High Court today when a Cayman Islands court issues a verdict on the matter.
The bank Ansbacher Cayman applied to authorities in the Cayman Islands seeking permission to divulge the information after international pressure.
One or more Irish clients of the bank objected to the application, but Chief Justice of the Cayman Islands Mr Justice Anthony Smellie is expected to deliver his judgment today.
It is believed money was lodged in the bank and then lodged in its Dublin branch where investors could withdraw their money. The money was seen by the State as foreign and therefore exempt from tax.
The late Mr Des Traynor played a central role in the setting up of the Ansbacher deposits in the early 1970s, and the system operated up to its discovery by the McCracken [Dunnes Payments] Tribunal in 1997.
The people who had funds in the deposits include some of the most senior business figures in the State during the period.
