Anglo Bank's former treasury chief to face trial over tax charges
Published 15/11/2013 | 02:00
A FORMER head of treasury at Anglo Irish Bank is to stand trial on tax charges.
Tiernan O'Mahoney is accused of hiding bank account details from the Revenue Commissioners and is to face trial on indictment, Dublin District Court was told.
The 54-year-old was the bank's head of treasury from 1985 until 2005 – Anglo subsequently collapsed and was nationalised in 2009. It was later rebranded the Irish Bank Resolution Corporation (IBRC), which is now in special liquidation.
Mr O'Mahoney is facing four charges contrary to the Taxes Consolidation Act 1997 and made no reply when he appeared at Dublin District Court yesterday following his arrest by fraud squad officers.
The charges relate to offences committed between March 25, 2003, and November 17 that year and are all under the Taxes Consolidations Act 1997 as amended by the Finance Act.
It is alleged that being an officer of Anglo Irish Bank, Mr O'Mahoney consented to the commission of an offence by the bank, which was knowingly and wilfully concealing a named account.
He is also accused of conspiring with others to obstruct and interfere with an officer of the Revenue Commissioners in the exercise and performance of his powers.
In addition, he is accused of conspiring with a named person and persons unknown to conceal from the designated Revenue officer, an account, which Anglo "was required to produce for inspection".
It is also alleged that he produced incorrect documents.
Detective Sergeant Gerard Doyle told the court the accused made no reply after he had been arrested and charged at Bridewell garda station yesterday afternoon.
State solicitor Tom Browne told Judge Patricia McNamara that the DPP has directed "trial on indictment", which means his case will go before a judge and jury at Dublin Circuit Criminal Court.
Mr Browne asked for a 12-week adjournment to allow time to prepare a book of evidence.
The judge noted from Det Sgt Doyle and defence solicitor Michael Staines that there was no objection to bail.
She was also told that bail terms had already been agreed.
Mr O'Mahoney, who was wearing a black overcoat, dark suit, white shirt and red tie, remained seated and silent during the brief hearing.
The accused has not yet indicated how he will plead to the charges.
Bail was set in his own bond of €1,000 and conditions were set down compelling him to continue to reside at his home at Glen Pines, Old Long Hill Road, Enniskerry, Co Wicklow, and to sign on every Friday at Bray garda station.
He must also give Det Sgt Doyle at least 48-hours notice if he intends to change address or he wants to travel outside Ireland or the UK.
The signing-on condition is to be suspended if he is out of the country.
Mr Browne told the judge that in relation to the reporting of this case, the trial of three former officers of the bank is listed to begin on January 13 next year.
He said the media was to be warned that "the present case has no factual connection with that".
He asked for the media to note that nothing should be said that would prejudice that trial.
Judge McNamara said she was not going to remind the media of what the state solicitor had just said "but I am making an order in that respect".
Mr O'Mahoney signed his bond acknowledging his bail conditions and was ordered to appear again on February 6 next when it is expected that he will be served with a book of evidence and returned for trial.