Thursday 29 June 2017

Anglo trial hears company records removed from bank's IT system

Three former Anglo Irish Bank officials are accused of hiding accounts connected with former chairman Sean FitzPatrick in an alleged Deposit Interest Retention Tax (DIRT) evasion scheme.
Three former Anglo Irish Bank officials are accused of hiding accounts connected with former chairman Sean FitzPatrick in an alleged Deposit Interest Retention Tax (DIRT) evasion scheme.

Conor Gallagher

A computer programme was created by an Anglo Irish Bank employee to remove records of a company connected to the bank from its IT system, a trial has been told.

Three former Anglo Irish Bank officials are accused of hiding accounts connected with former chairman Sean FitzPatrick in an alleged Deposit Interest Retention Tax (DIRT) evasion scheme.

Patrick Peake, who served as fraud officer for Anglo and its successor, IBRC, gave evidence at Dublin Circuit Criminal Court about an email he sent to Shane Crowley, a consultant contracted to Anglo at the time.

"The email is about a programme that Shane would have developed with the intention of removing the account Susie Ltd from the bank's Dublin Investment System," he said.

Mr Peake told prosecuting counsel Dominic McGinn SC that the Dublin Investment System was a computer system for storing bank records which had by that time been replaced by a newer system.

The court heard that Susie Ltd shared a business address with Anglo Irish Bank's Isle of Man branch. Mr Peake said the directors of the company and those authorised to conduct transactions on its behalf were mostly directors and staff with Anglo's Isle of Man operation.

However he said he was not able to ascertain the beneficiaries of the company's accounts.

Former company secretary Bernard Daly (65) of Collins Avenue West, Whitehall, Dublin; former chief operations officer Tiarnan O'Mahoney (54) of Glen Pines, Enniskerry, Co Wicklow; and Aoife Maguire (60), of Rothe Abbey, South Circular Road, Kilmainham, Dublin have pleaded not guilty to seven alleged offences committed in 2003 and 2004.

The three are accused of trying to delete references to two accounts in the name of John Peter O'Toole, Mr FitzPatrick's brother-in-law, from Anglo's Core Banking System (CBS).

Irish Independent

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