Ex-Anglo boss Sean FitzPatrick sent for trial – Courts,
EX-ANGLO and chief executive Sean FitzPatrick and two former colleagues have been returned for trial in connection with financial irregularities at the bank.
They are to go on trial accused of unlawfully helping to back a group of investors – including members of Sean Quinn‘s family – to buy shares in the financial institution in 2008.
The three men had been charged in July following a three-and-a-half year probe by detectives from the Garda Bureau of Fraud Investigation attached to the Office of the Director of Corporate Enforcement (ODCE) into alleged financial irregularities at the failed bank.
Mr FitzPatrick, a former multi-millionaire, with an address at Camaderry, Whitshed Road, Greystones, Co. Wicklow, stepped down in December 2008. Anglo was subsequently nationalised and re-branded the Irish Bank Resolution Corporation (IBRC) with its collapse costing Irish taxpayers about €30 billion.
The charges allege that before it was nationalised, the three men permitted the bank to “give unlawful financial assistance” to 16 named individuals for the purpose of or in connection with a purchase by the same people of shares in the then Anglo Irish Bank Corporation Plc.
It is claimed the alleged unlawful financial help to buy shares was given between July 10 and July 17, 2008 to 15 people – which include the so-called “Maple Ten” group of Irish Investors and several members of Sean Quinn’s family – and from July 17 until July 30, of the same year, to Patricia Quinn, the wife of now bankrupt quarry tycoon.
Among the names on the cha
Posted on October 9, 2012, in Crime and tagged Anglo Irish Bank, Anglo Irish Bank hidden loans controversy, Banks, Ireland, Irish Bank Resolution Corporation, Irish News, Patricia Quinn, Seán FitzPatrick, Seán Quinn. Bookmark the permalink. Leave a comment.