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Central Bank May Have Known About IL&P and Anglo Transactions

It's alleged the Central Bank may have been aware of fraudulent transactions at Irish Life and Permanent and Anglo Irish Bank. 

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The Sunday Business Post reports that newly uncovered files – reveal that a seven billion euro transaction was based on encouragement from the Central Bank for the institutions to help each other out. 

The transaction has since been found to be fraudulent with three bankers convicted. 

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