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Saturday 30 August 2014

Anglo trial jurors to resume deliberations

Sarah Stack

Published 15/04/2014 | 02:30

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The jury in the trial of former Anglo Irish Bank executives William McAteer, Sean FitzPatrick and Pat Whelan will resume its deliberations today
The jury in the trial of former Anglo Irish Bank executives William McAteer, Sean FitzPatrick and Pat Whelan will resume its deliberations today

THE jury in the trial of three former Anglo Irish Bank executives will continue its deliberations today after considering the case for almost six hours.

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Former chairman Sean FitzPatrick (65), from Greystones, Co Wicklow; William McAteer (63), of Rathgar in Dublin; and Pat Whelan (51), of Malahide, Co Dublin deny 10 counts 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.

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

Mr Whelan, Anglo's former head of lending in Ireland and ex-chief risk officer Mr McAteer also deny six counts each of giving illegal loans to Mr Quinn's wife Patricia and their five children as part of the same deal.

Yesterday, the 12-strong jury asked trial Judge Martin Nolan for a copy of Mrs Quinn's loan pack.

They later asked for the court transcripts of evidence given by former Anglo executives Matt Moran and Fiachre O'Neill.

Judge Nolan has already ordered that the jury acquit Mr FitzPatrick in relation to the six Quinn loans – and he directed not guilty verdicts in respect of seven counts against Mr Whelan in relation to facility letters to the Maple 10.

Irish Independent

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