Two Garda files regarding the criminal investigation into Anglo Irish Bank are to be sent to the DPP within 24 hours, Minister for Justice Dermot Ahern has said.
Mr Ahern said the investigation into the discredited bank had identified four suspects.
One of the files focuses on the short-term transfer of €7.2 billion between Anglo and Irish Life & Permanent and names four major players involved in a so-called bed and breakfast to cover up the lender's crippled balance sheet in 2008.
The second file centres on the "Maple 10" circle of investors who bought Anglo shares using money from the bank. The minister refused to confirm if all 14 were considered suspects in the controversial deals.
But he said detectives were confident charges would be brought over their investigations. Mr Ahern said that if the law had been broken, people must be held to account.
"Government can't be seen to intervene but at the same time it is a matter of huge concern to Government and indeed to the people that if any wrong doing did take place it has to be punished and people have to be brought to book," he said.
Mr Ahern said four major suspects were identified in the file dealing with back-to-back transactions between Anglo and Irish Life.
It is understood the Garda Fraud Squad, the Office of the Director of Corporate Enforcement (ODCE) and the
Financial Regulator are investigating whether Anglo used more than €7 billion of short-term deposits from Irish Life to mask big customer deposit withdrawals and whether laws were broken.
Mr Ahern said the file, which runs to 42 volumes and hundreds of pages, deals with the transfer of monies and issues to do with market manipulation and deception.
The second file focuses on the "Maple 10" circle of investors who bought Anglo shares using money from the bank. The garda file runs to six volumes, while a separate file from the ODCE will be sent to the DPP within weeks.
He said the investigation into market manipulation and loans to directors would continue into the new year. Mr Ahern claimed the problem with staff not handing over encrypted passwords had been solved and gardaí were able to get all the information required.
More than 40 gardaí backed up by staff from the ODCE have been working on the near two-year investigation.
They have been sifting through 115,000 emails, taken 400 statements, including 72 classed as major some of which run to 150 pages.
The DPP has also retained two Senior Counsel and one junior to focus solely on the Anglo case.
Two arrests have been made - former chief executive Sean FitzPatrick and financial director William McAteer - but no charges have been brought.
Meanwhile, new laws are to be drafted dealing with white collar crime after consultation between Mr Ahern and Garda Commissioner Fachtna Murphy.
They will allow gardai to re-arrest a person after releasing them for further questioning, compel witnesses to make statements or face prosecution, and ensure organisations that provide documentary evidence index files to save investigators time. There will also be a new rule restricting legal privilege claims.
PA