Garda National Economic Crime Bureau sent investigation file to DPP, who directed no criminal charges should be pursued
A Garda investigation into a controversial 2014 Davy stockbrokers bond deal, which resulted in a €4.1 million Central Bank fine, has concluded with the Director of Public Prosecutions (DPP) directing that no criminal charges be pursued. The investigation stemmed from concerns that Davy staff profited from the sale of Anglo Irish Bank bonds owned by a Belfast businessman, who claimed he was unaware Davy employees were the buyers. The Central Bank found Davy breached market rules, but initially saw no evidence of criminal activity, however Garda launched an investigation in 2021. Davy was eventually sold to Bank of Ireland in 2021 following the scandal.
