Former Anglo bankers plead not guilty


#1

Former Anglo bankers plead not guilty to unlawfully providing financial aid - Dearbhail McDonald and Donal O’Donovan -> independent.ie/irish-news/co … 83150.html


#2

Existing thread here —> viewtopic.php?f=46&t=34916


#3

independent.ie/irish-news/co … 70161.html

SIX charges have been dismissed against former Anglo Irish Bank chairman Sean FitzPatrick.
The jury in the trial of three Anglo executives was told to ignore prosecution claims Mr FitzPatrick knew that €175m was lent to members of Sean Quinn’s family to unwind the businessman’s secret stake in the bank.

Judge Martin Nolan also directed that seven charges be dismissed against Pat Whelan, the bank’s former head of lending in Ireland.

The ex-banker had denied the charges which alleged he was privy to the fraudulent alteration of loan facility letters to seven individuals.

Sean FitzPatrick (65), from Greystones, Co Wicklow; former head of finance and risk William McAteer (63), of Rathgar in Dublin; and Pat Whelan (51), of Malahide, Co Dublin, deny 10 counts each of providing unlawful financial assistance to net worth Anglo clients – known as the so-called Maple 10 - in July 2008 to buy shares in Anglo Irish Bank.

Mr McAteer and Mr Whelan also deny six counts each of providing unlawful financial assistance to Mr Quinn’s wife Patricia and their five childrem.

The loan-for-shares deal involved unwinding Mr Quinn’s secret 29pc stake in the bank, build up through contracts for difference (cfds).

The trial, which is in its ninth week, continues.


#4

rte.ie/news/2014/0409/607762-anglo/

Jury ordered to find Seán FitzPatrick and Pat Whelan not guilty on some Anglo charges

The jury in the Anglo Irish Bank trial has been directed to find Pat Whelan not guilty of seven charges of being privy to the fraudulent alteration of a loan document and to find Seán FitzPatrick not guilty on charges related to the Quinn family loans.

Mr FitzPatrick remains charged with giving illegal loans to the ‘Maple Ten’.

“For good reason I have directed not guilty verdicts,” Judge Nolan told jurors. “It will all be made apparent to you in due course.”

The jury is to return at after lunch when it will hear if the defence intend to call evidence.

Mr FitzPatrick still faces ten charges of illegally loaning money to the Maple Ten Group of investors to buy shares in the bank.

This was part of a plan to unwind Sean Quinn’s 29.4% control of Anglo which officials believed was driving down the share price.

Mr Whelan and former Anglo Director of Finance William McAteer also still face these charges as well as six charges relating to the loaning of money to the Quinn family.

The three accused are charged at Dublin Circuit Criminal Court with breaching Section 60 of the Companies Act 1963 by lending money to investors to buy shares in Anglo.

Mr Whelan, 51, of Malahide, Dublin and Mr McAteer (63) of Rathgar, Dublin are accused of 16 counts of providing unlawful financial assistance to 16 individuals in July 2008 to buy shares in the bank. The 16 individuals are six members of the Quinn family and the Maple Ten group of investors.

Mr FitzPatrick, 65, of Greystones, Co Wicklow, is now charged with loaning money to Maple Ten only.

All three have denied the charges.