Anglo trial: Jurors told majority verdicts acceptable
Published 16/04/2014 | 15:15
JURORS on the trial of three former Anglo Irish Bank executives have been told they can return majority verdicts on which at least 10 of them agree.
The jury has been deliberating the 42 charges against the three co-accused for more then 11 hours.
The forewoman told the registrar they had not yet reached a unanimous verdict on any of the counts.
Trial judge Martin Nolan told them that at this stage they could bring verdicts on which at least 10 of them agree.
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, build 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.
The three are charged with breaching Section 60 of the Companies Act 1963 by lending money to investors to buy shares in Anglo.
The 12 strong were directed by trial judge Martin Nolan on Friday afternoon after hearing ten weeks of evidence at Dublin Circuit Criminal Court.
Deliberations have began shortly before 11am each morning, stopping only for lunch and short breaks.
The jury previously asked for court transcripts of evidence given by former Anglo executives Matt Moran and Fiachre O’Neill, who were both granted immunity for prosecution for giving evidence during the trial.
They also requested a copy of Mrs Quinn’s loan pack.
Judge Nolan has already ordered 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.