DPP directs no prosecution from Garda inquiry into controversial Davy bond deal

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DPP directs no prosecution from Garda inquiry into controversial Davy bond deal
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The DPP has directed that no criminal charges be pursued in relation to a Garda inquiry into a controversial bond deal involving Davy stockbrokers a decade ago. Photograph: Dara Mac Dónaill / The Irish Times, which resulted in a scandal for the firm and a record fine of €4.1 million from the Central Bank of Ireland, has concluded with no criminal charges being pursued over a decade after the deal was done. Conor Lally has the details from this long-running saga.

At least seven in 10 house buyers get gifts from parents, often six-figure sums, according to a leading mortgage broker.

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