Minister for Justice Dermot Ahern has said two major files will be sent to the Director of Public Prosecutions within 24 hours arising from investigations into some financial institutions and financial transactions.

He said the first file relates to back-to-back transactions involving a sum of €7.2 billion, Anglo Irish Bank and Irish Life & Permanent. He said there were four main suspects involved in the investigation, which relates to market manipulation and deception.

The second file relates to the so-called Maple 10 and is six volumes long. This investigation was related to the loan of €450m to a secret group of ten investors to assist in the purchase of a 10% shareholding in Anglo Irish Bank originally built up by businessman Sean Quinn.

Earlier, Fine Gael leader Enda Kenny said the files which Gardaí had prepared for the DPP on their investigation of Anglo Irish Bank run to several hundred pages.

Speaking in Brussels this morning, Mr Kenny said it was his understanding that the Gardaí were recommending that fewer than half a dozen people should be prosecuted. It will be up to the DPP to decide whether or not to bring anyone to Court.

Minister Ahern was speaking at the launch of the heads of his White Collar Crime Bill, which he says will be fast-tracked through the Oireachtas before the general election.

The new bill, which received Cabinet approval on Tuesday, will allow for suspects' periods of detention to be broken up to allow Gardaí to check facts and statements supplied to them, will place a statutory obligation on witnesses to make statements and oblige institutions to index and sort documentation they are handing over rather then dumping them on Gardaí with no order.

The Minister said much of what the bill contained was based on correspondence with the Garda Commissioner and the Office of the Director of Corporate Enforcement about their experiences with recent investigations.