Tag Archives: Anglo Tapes

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The front page of the Irish Independent on Monday, June 24, 2013 which revealed the first Anglo Tapes story and, above, the paper’s Special Correspondent Paul Williams who wrote the story and subsequently won Scoop Of The Year at the National Newspapers of Ireland Journalism Awards last November for the same

Yesterday Independent News and Media (INM) agreed to remove parts of its Anglo Tapes coverage from last week by Paul Williams from independent.ie after the DPP sought a High Court injunction.

After INM agreed to take down certain sections from the website, the injunction application was adjourned until Friday.

The Irish Times reported:

The DPP claims the publishing of further material is calculated to interfere with the criminal trial process in relation to events at the former Anglo Irish Bank. The DPP is also seeking an order directing the attachment and committal to prison of the Independent editor Claire Grady and of editor-in-chief Stephen Rae, and/or the sequestration of the company’s assets, as the case may be, for contempt of court in relation to material published last Thursday under the heading “Anglo: the new tapes revealed”. The newspaper denies contempt and contests the DPP’s claims.”

Further to this, readers may wish to recall an interview that the Irish Independent’s Paul Williams gave to Newstalk’s Lunchtime host Jonathan Healy on Tuesday, June 25, 2013 – day two of the newspaper’s Anglo Tapes coverage.

During the interview, Mr Williams explained how the tapes came into his possession after they were posted to him at his office anonymously.

He told Mr Healy he believed he was “chosen as a conduit” but pointed out he wasn’t a financial journalist and struggled with the “banking-ese” or “business lingo” in the tapes.

A week later, in a written parliamentary reply to Sinn Féin’s Pearse Doherty, Finance Minister Michael Noonan said the Garda Bureau of Fraud Investigation received a court order in 2010 securing electronic and other documents related to 18 employees of Anglo Irish Bank whose phone lines were taped.

From the Newstalk interview:

Jonathan Healy: “Paul, the one thing that’s been said a lot in the last couple of days is ‘why now?’. Why has all this information been coming in to the public domain. And I know you obviously want to protect your source and I don’t expect you to betray that source now. But did you get full copies of these tapes? Did you get hours and hours and hours or are you in a position to say how much of the material…”

Paul Williams: Well I’d prefer not to go into it, other than to say that the two tapes arrived to me at the office, they were posted to me anonymously…”

Healy: “And do you know why they, whoever posted them to you. Do you know what of their motivation?”

Williams: “Well, it’s obviously somebody who has come across them and said ‘look we really need, you really need to have a look at this’. I have theories as to why I was approached or whatever and they’re irrelevant and my involvement is really irrelevant in it but I think that…”

Healy: “Well you’re the messenger.”

Williams: “I had, I had, I was chosen as a conduit, but I would say that I’ve had them for over two months. And the reason I’ve had them over two months is because obviously I had to do a lot of work on them, in the background myself, to work out what this was about, who these people were.”

Healy: “Would you be afraid, you’ve obviously done this and it is in the public interest and this is journalism at its best – that you’re putting stuff in there that people need to know about and that arguably mightn’t have been known about previously but can we say, can you say for certain that you’re not in some way being played by somebody, by putting this selective element of it into the public domain?”

Williams: “All I’ll say to you is this Jonathan and, you know, I’m very, very…I have to be very, very protective of my sources. I know where I’m at in this and I know what the motivations are and I know, I know all the background to this. That’s why it’s taken me a couple of months to put this out. And the Irish Independent did a brilliant job on it. And it’s great to be a part of that team now. They really gave it the support and it’s in a way…but it is again, going back to another aspect of it. Isn’t it a sad indictment that after five years and the biggest economic crash and one of the most profound events, economically in the history of our nation that 28 minutes of tape through an Irish, a national newspaper, is the only chink of light that’s been shone on the shadowy corner that has cost the Irish taxpayer €64billion at least…That’s. And in a way that’s Stephen Rea, our, the editor of the Irish Independent, that’s the way he saw it from day one: this is an absolute disgrace and scandal and if it does shine any kind of a light, then it’s worth it. Even…I don’t see how anybody, you know, it might…”

Healy: “No, look, come here, there’s nobody questioning this isn’t in the public interest Paul, and it absolutely is. My…”

Williams: “That’s what I’m saying…Even if it was a mendacious sort of effort or a malign motive behind it, I think you would agree Jonathan, and everybody who’s listening to your show and everybody in Ireland who’s listened to these tapes in the last 48 hours, would say ‘Jaysus, well, that’s benign.”

Healy: “When you got these tapes you obviously found them for the first time. But, since you’ve been working on them, you’ve come to realise that these have been sitting somewhere in officialdom since they were recorded on day one. And part of the wider investigations that are going on. When you hear Michael Noonan saying he didn’t even know these tapes existed were you surprised?”

Williams: “I have to say, and remember, OK, so we’re looking at this for a number of months, because remember I’m not a financial journalist so I [inaudible] understand what this was all about. Banks and liquidity, you know, when they’re talking about certain, a lot banking-ese and business lingo that they use and to try and get around that and, by the way, as an aside, this is the only stuff that I’ve seen yet or anybody else that’s seen that’s easy for the people to understand because nobody, everybody is confused by it. Do I? I’ve no reason to doubt what Michael Noonan says. However I would be very, very, very skeptical, based on my own enquiries and ongoing enquiries that officials in the Department of Finance didn’t know about this. I would be very, very surprised. Because I believe, remember this bank has been owned by the Irish taxpayers for the past number of years. This is the property of the taxpayer effectively. What we’re doing is sharing the property of the taxpayer when you think about because these calls were made at the time and we now own it after a very expensive purchase. Look there are several major investigative bodies and groups have all of this stuff. This is not, like this stuff, the point we were making yesterday Jonathan, and I make it again today, is that all this stuff is available. That would be, account for 80 or 90% – if you really wanted to investigate Anglo Irish Bank and know what was going on behind the Irish, as part of a public inquiry, all you do is, you just look at, or listen to a couple hundred hours of tapes.”

Healy: “The recordings are there.”

Williams: “Because if you, because when people are speaking spontaneously and off the cuff and honestly, and they’re speaking mostly honestly to each other, you get a picture of what was happening and you’ve got the dates and the times and all that kind of stuff so it should be easy to piece together. But…and I believe that a lot of State, different State interested State bodies and civil servants know all about these tapes and I don’t accept it. I can’t prove it but I don’t accept it.”

Healy: “Well no, I think that a lot of people would share that suspicion. You said that you had 28 minutes of it, so we’ll have more tomorrow, do we?”

Williams: “No, the 28 minutes is what we put out so far.”

Healy: “Oh so far, so how much more do you have, are you willing to tell me?”

Williams: “No, we have, we have more. But we’re looking at it at the moment, what we’re going to do tomorrow and the next couple of days. So we’I just have to meet my colleagues at the Independent, it’s just been so crazy and busy over the past few days. It’s just one of those things that, there’s been an extraordinary reaction to this. I genuinely did not anticipate that there would be this…I actually thought that most of the rest of the media would ignore the story because a) it was an exclusive for the Independent and b) everyone would be afraid of it, legally.”

Listen in full here

INM to remove certain portions of Anglo tapes from website (Irish Times)

Irish Independent editors threatened with jail over Anglo tapes (Irish Independent)

pearseSinn Féin’s Pearse Doherty spoke during the second stage of the Finance (No. 2) Bill 2013 just before noon today, in which he revealed Sinn Féin have received an anonymous copy of secret recordings involving senior Anglo Irish Bank officials.

This is what he said in relation to the matter:

Pearse Doherty: “Minister, I think in the interest of full public disclosure as a public representative, I think it’s important at this point to make a statement in relation to the Anglo Tapes. Within the last number of weeks, Sinn Féin was anonymously sent a copy of secret recordings, involving senior Anglo officials at Anglo Irish Bank. The majority of these recordings are not currently in the public domain and cover a period between February and September 2008. On the advice of senior counsel, we have taken the decision not to release the tapes at this time. I have made them available to the Garda Commissioner [Martin Callinan] and to the Governor of the Central Bank [Patick Honohan]. And I have personally hand delivered them to Garda Headquarters in the Phoenix Park and to the Governor of the Central Bank’s office this morning. We have also retained a copy of these tapes with my solicitor with a view of publishing them at a future date, as a publication of these secret conversations are in the public interest. The Government must move now speedily to the establishment of a banking inquiry. There is public demand for truth, people want to know what was going on within the banks. And the contact between senior bankers and the Fianna Fáil government in the run-up to the guarantee..”

Ceann Comhairle: “Deputy, sorry…Deputy Doherty [rings bell]”

Doherty: “It is always…”

Ceann Comhairle: “Could I ask you deputy to move..”

Speak over each other.

Doherty:It has always been my view that the Fine Gael government had more information in relation to the bank, prior to the guarantee, than they have previously disclosed. I move the adjournment on this.”

Ceann Comhairle: “Go raibh maith agat. And, eh, we’ll proceed with this debate later on. And we’re going to proceed now with Leader’s Questions.”


Ross90313102(top: Shane Ross. Below: Anglo executives Matt Moran, left with David Drumm in 2007).

“Matt Moran, the Anglo chief financial officer granted immunity by the Director of Public Prosecutions, features in the latest transcripts. The tapes show him as a key figure in the Anglo hierarchy.”

“No inquiry would be credible without Mr Moran or other top Anglo executives, immunity or not. They are all central to the narrative. Indeed, the inquiry must call the DPP to explain the decision to grant immunity to Moran. Such immunities, while common in the US, are rare in Ireland. An inquiry without Moran would be incomplete; an inquiry with Moran is certain to be challenged in the courts. The inquiry is already looking like a busted flush.”

In the latest tapes, Moran is heard discussing the flood of money leaving Ireland in late September 2008, just before the bank guarantee. Rich members of the elite, who helped to fuel the property boom, were shipping their money out of the country, fearing a bank bust. They were moving hundreds of millions into Germany and other safer havens just before the crisis erupted. No doubt they were being assisted in doing so by top bankers and stockbrokers. In this instance, despite their loud protests of financial patriotism, the financial top brass were looking after their rich clients. They were far from wearing the much flaunted “green jersey”, the excuse later used for much irregular activity.”

“Yet they were happy to insist that they were wearing the same green jersey when rescuing fellow bankers. It was apparently in the interests of Ireland that Anglo and Irish Life & Permanent should save each other for the good of the country while the personal wealth of the big financial fish was simultaneously in flight overseas.”

Independent TD and member of the Public Accounts Committee Shane Ross in yesterday’s Sunday Independent.

They played for time as countdown to catastrophe ticked away (Sunday Independent)

Previously: Hon Mayo

 (Leon Farrell/Photocall Ireland)


“Wake up. Peek-a-boo.”

Max Keiser’s advice to the Irish as Paul Sommervile (top left) discusses the Anglo Tapes and the Irish public’s inertia on RT yesterday.

The item starts at 12.55 and described thusly:

Max talks to Paul Sommerville about the story of Anglo Irish bank, the toxic hedge fund masquerading as a bank which was run by charlatans lending to just twenty or thirty toxic individuals.

The Anglo Irish story is one of crony capitalism and collusion with government and regulators, one where the Chairman’s loans were bed and breakfasted and over which the burnt speculators are outing each other’s role in the crimes.


Stay for 19.20




We’re making our own popcorn.


Dukes says he was briefed on Anglo tapes by lawyers (RTE)


(Today’s Irish Independent cover, top, and, above Late Debate audio)

“The State cannot handle the truth of their own involvement in the collapse of the banks. In theory that could expose the state to litigation from bondholders, shareholders, investors and anybody else who got their fingers burnt.

And when you look at what the State does when it really really wants to tackle something after Veronica Guerin’s murder, we moved in extraordinary apparatus, the Criminal Assets Bureau, multi-disclipinary teams getting in to deal with a very specific problem.

You look at what’s happened after the banking crisis, has there been anything near that political will reflected in legislation and other measures? And for me, that speaks volumes about the real committment.”


Irish Independent legal editor Dearbhail McDonald speaking  on RTE’s Late Date on June 25th.


State begins witch-hunt to catch the Anglo Tape sources (Fionnan Sheahan, Cormac McQuinn and Peter Flanagan, Irish Independent)

Thanks Oireachtas Retort


Wait for it.

Brendan Howlin gets his Naomi on at Merrion Row and Merrion Street, Dublin, this afternoon.

Stay for the huffy walk.

Dublin Says No writes:

“Members of Rage against the Regime (RAR) today lodged requests at the Department of Finance regarding the Anglo Tapes.

On exiting the building they encountered Minister (for Public Expenditure and Reform, Brendan) Howlin.

Derek, from Dublin Says NO, recorded RAR,as they tried to question the Minister.

Mr Howlin tried to grab the camera and refused to speak to us. So much for being a voice of the people

Like to see him try that with Ursula Halligan.

Dublin Says No (Facebook)